National Internet Finance Association of China Issues Strict Warnings to
local Cryptocurrency Exchange Bodies The Bitcoin market has been witnessing a lot of volatility owing to speculations of China planning to shut down local Bitcoin exchanges in the country.
Not exact matches
Back in September, the financial regulatory
bodies in China had a major crackdown on ICOs and
cryptocurrency trading by asking all the
local exchanges to shut down their operations with immediate effect.
After a lot of speculation for fishy trading activities going within the decentralized
cryptocurrency world, financial regulatory
bodies across the globe are working towards introducing regulatory frameworks for
local cryptocurrency trading platforms and
exchanges...
Important global economies like China and Russia have also been recently seen hitting hard on its
local trading
bodies and
exchanges while putting up a curtain on
cryptocurrency trading.
The
cryptocurrency markets witnessed a major correction owing to two main reasons: first is the negative statement by Wall Street's one of the most powerful men and JP Morgan boss — Jamie Dimon on Bitcoin, and other because of Chinese regulatory
bodies cracking - the - whip on its
local cryptocurrency exchanges.
A member of China's top political advisory board has proposed the creation of a national
cryptocurrency exchange and other regulatory systems at one of the two annual sessions of China's top legislative and advisory
bodies,
local news outlet Lie Yun Wang reported on March 3.