Sentences with phrase «local financial authorities imposed»
In September, the Chinese government, People's Bank of China (PBoC), and local financial authorities imposed a nationwide ban on cryptocurrency trading platforms, shutting down some of the largest cryptocurrency trading platforms including OKCoin, Huobi, and BTCC.
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Local Supervisory Authorities will be able to impose fines of up to 4 % of annual worldwide turnover of the preceding financial year or $ 20 million, whichever is greater, for non-compliance.