China Banning Crypto-Related Activity: Truth or Fake from Reuters?
Immediately after Reuters released the news about China banning crypto activity, many started criticizing the news agency for misleading its readers.
Immediately after Reuters released the news about China banning crypto activity, many started criticizing the news agency for misleading its readers.
For Binance, Mars Finance is the first strategic investment in China since 2017, when Beijing banned digital coin trading and the exchange withdrew from this market.
Bank of China’s Law Research Association declared that the ownership of Bitcoins is not considered illegal, although the ban for trading still remains in effect.
China is planning to completely ban activity of centralized cryptocurrency exchanges, targeting websites, mobile apps, people and businesses that provide exchange-like services.
Bitcoin prices surge to a new all-time high above $6250 amid speculations of China lifting ban on local exchanges and resuming trading operations.
China will likely resume cryptocurrency trading after licensing exchanges as measures for cryptocurrency market regulation.