The Business Administration Department of the People’s Bank of China (PBoC) had commanded the payment facilitators to stop encouraging cryptocurrency trading activities. The document released by the Business Administration Department will apply to services registered with Beijing and also its branches operating across. The document emphasized payment companies to probe internal operations and report regarding the crypto trading activities by 20th January.
Document released by PBoC on Crypto tradingIncryptsJan 20, 20180166
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