June 18, 2024

The closure of cryptocurrency platforms did not affect the citizens of China

The closure of cryptocurrency platforms did not affect the citizens of China

According to the People's Bank of China's (PBOC) 2019 China Financial Stability Report,the closure of Chinese cryptocurrency platforms did not affect the state of the country's inhabitants.

Thus, all 173 Chinese crypto platforms were closed without any major scandals from the citizens of the country. cnLedger writes about this, in particular.

Thus, the Chinese government becomesmonopolist in the field of digitalization, having complete monopoly and control over the development of the digital space in China in the future. Perhaps such actions are a lever for the imminent release of its own digital cryptocurrency, which the regulator has been working on for several years.

Note that at the time of writing, Bitcoin managed to correct the fall in the rate to the level of $7,000.