The People’s Bank of China (PBoC) has released a new statement listing the measures to be taken against the buying and selling of cryptocurrencies.
According to the Central Bank’s statement, all kinds of services used to trade between fiat money and cryptocurrencies in the country will be considered illegal.
Official online platforms September 24 the date of the notice published on September 15 displayed as. Still, bitcoin (BTC) price after the announcement was shared more than $2,000 experienced a decline.
The statement of the People’s Bank of China this time is one of the best so far. to be more detailed and for the first time among illegal cryptocurrencies Tether (USDT) also passing its name differs from previous statements.
In China, it is illegal to operate an exchange for cryptocurrencies, to act as an intermediary, to provide matching services, to trade derivatives, to issue tokens and securities without an operating license, and to collect funds.
In addition, the central abroad Cryptocurrency exchanges also provide services to people residing in China. it is illegal specified. An investigation can be initiated against the employees of these exchanges residing in China.
Exchanges that Chinese investors still have access to, such as Binance, Huobi, and OKEx, have not yet made a statement about the central bank’s statement.