China’s central bank warns state-owned lenders, Alipay off bitcoin linked transactions in meeting

Source: Tech – South China Morning PostChina’s central bank recently ordered banks, including four state-owned commercial banks, and leading mobile payments provider Alipay to cut off all transactions linked to bitcoin, stepping up its clamp down on cryptocurrencies in the country.The Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China, China Construction Bank and the Postal Savings Bank of China were among financial companies that attended a regulatory discussion organised by the People’s Bank of China (PBOC)…Read More

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