The Chinese regulator reported that it has successfully taken control of the country's cryptocurrency sector and eliminated the threat of digital assets.
The People's Bank of China released the "China Financial Stability Report (2021)", which indicates that the party's struggle to eliminate the main financial risks associated with The crypto industry has been successfully completed in the country.
Under the leadership of the Central Bank, all online lending points in the country were closed, illegal fundraising was suppressed, transactions with digital currency were prohibited, and mining companies were closed. Supervision over large financial and technology companies has been strengthened.
According to the NBK, the situation in the cryptocurrency sector is completely under the control of the regulator. However, measures to strictly restrict cryptocurrency transactions in the country will continue.
Crypto enthusiasts in China believe that the government is preparing to completely ban transactions with cryptocurrency and its ownership by citizens.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
California wants to allow payment for government services with cryptocurrency
California will be the latest state to consider paying for government services in cryptocurrency.
Gary Gensler: "The SEC is ready to take tough measures to protect crypto investors"
The head of the SEC is ready to take tough measures to protect crypto investors if the industry continues to ignore the legal requirements of the regulator.
