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.
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