11 Companies Suspected Of Crypto Trading Were Closed By China Central Bank
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The Shenzhen Center Branch of People’s Bank of China announced that 46 companies were being investigated for virtual currency trading. The Central Bank of Shenzhen Province issued a notice to shut down the crypto trading activities of 11 companies with immediate effects.
Local reports claim that the Shenzhen branch of the Chinese central bank had compiled a list of 46 companies involved in illegal virtual currency trade.
To identify and correct illegal virtual currency, This branch has rectified a well-known domestic financial website that had violated foreign currency trading companies, the Shenzhen branch’s special task force was established.
Colin Wu, Chinese journalist writes:
The Shenzhen branch of the Central Bank of China recently launched a special crackdown on illegal cryptocurrency trading activities and shut down 11 companies suspected of conducting illegal virtual currency activities.
- Wu Blockchain (@WuBlockchain) August 17, 2021
Originally published at https://thecryptobasic.com on August 17, 2021.
