China’s central bank has reaffirmed its stance on crypto trading, admitting that it will continue to keep pressure on its recent clampdown.
China’s clampdown on the crypto industry looks set to continue following reports that the country’s central bank looks set to continue its strict stance.
The People’s Bank of China is also set to assist financial platform companies in rectifying their practices according to regulations. Policymakers continue to clamp down on cryptocurrency mining and trading within the country. The country has previously cited issues related to mining energy usage, fraud, and money laundering as some of the key issues related to the crypto clampdown.