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Beijing Sends Another Warning Over Crypto Trading

A Beijing office of China’s central bank ordered Beijing Qudao Cultural Development Co Ltd, a Beijing-based software maker, to suspend operations, and its website had been deactivated over its suspected involvement in crypto trading, Reuters reported.

Source: Adobe/chalermphon

The department of the People’s Bank of China also warned that companies in the capital should not provide venues, commercial displays, or advertising for crypto-related businesses.

At 10:46 UTC, bitcoin (BTC) trades at USD 34,008 and is down less than 1% in an hour and 2% in a day. Ethereum (ETH) is almost unchanged in an hour and is down by almost 2% in a day.


Learn more: China Is Not Done Yet With Its Crackdown On Crypto Mining - Researcher