China’s tech hub says emphatic ‘no’ to cryptocurrency as Shenzhen’s central bank branch shows zero tolerance

Source: China – South China Morning PostThe Shenzhen branch of the People’s Bank of China (PBOC), China’s central bank, has “cleansed” 11 companies for their involvement in suspected illegal cryptocurrency activities as part of a special campaign to show a zero-tolerance attitude to cryptocurrency trading, according to a report by state-run Shanghai Securities News on Tuesday.The newspaper did not provide specifics on how these companies were dealt with.Shenzhen, a global centre for computing hardware including cryptocurrency …Read More

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