China Boosts Pressure on Crypto Money Trading Makers

in #cryptocurrency7 years ago

 The starting problems between China and crypto money do not seem to end. In the People's Republic of China, where the problems between the miners, the stock exchanges, and the people who are doing the crypto money trade are endless, the government made another new move.

According to Chinese media  reports, the Bank of China (CBRT) was alerted to agencies that were actively involved in paying for crypto money. The Securities Times  newspaper, first published  in the  Communist Party in  China, said that the Chinese Central Bank has warned the cryptographic users about the use of crypto-money users and  forbade them from serving those users.

While there is no official statement from the government at the level of whether or not the allegations are true, if the allegations are true, the Chinese Central Bank will ask for a list of crypto-currency traders and search for them.

According to the amendment, the Central Bank of the Republic of China, they reminded them that if their names reported they had their own legal responsibilities and that they would be sanctioned if they did not.

It is not yet known how this decision will affect the crypto money market at this stage. In China, the Central Bank forbade ICOs last year. After the ICOs were banned, the volume of trade in China has largely shifted to the undecided stock exchange.