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Shenzhen PBoC Launches Crypto Trading 'Clean-Up': Report
China's central bank vowed earlier in August to keep high pressure on crypto trading.
Yazan Eliza Gkritsi
The Shenzhen branch of the People's Bank of China plans to "promptly clean up and rectify" 11 companies for providing illicit crypto trading activities, state-owned Shanghai Securities Journal reported today.
- "Rectification" is often used in China to mean that authorities are bringing companies in line with regulation. It has been widely used in the past year's crackdown on tech companies, notably in the case of Ant Group.
- The central office of the PBoC is resolute on keeping "high pressure" on the crypto trading industry, according to a meeting held earlier in August.
- The PBoC branch has already completed the rectification of a "well-known domestic financial website" providing foreign exchange deposits, and dealt with eight reports of online forex and cross-border stock trading services, the report said.
- Chinese authorities started a crackdown on crypto mining in May after the country's State Council, its cabinet of ministers, issued a notice.
- Other crypto-related companies have started to fall, including media.
Read more: PBoC Says It Will Keep High Pressure on Crypto Trading
Sizin için daha fazlası
CNBC reported Tuesday that Musk is discussing a merger between Tesla and SpaceX that would tie his tech empire closer together and instantly create the world’s fifth-largest corporate bitcoin treasury, worth $3.3 billion.
Bilinmesi gerekenler:
- Elon Musk is exploring a potential merger of Tesla and SpaceX, a move that would deepen operational overlap in areas such as power infrastructure and AI-related computing.
- A combined Tesla-SpaceX entity would control about 30,221 bitcoin, worth roughly $3.3 billion, making it the fifth-largest public corporate holder of the cryptocurrency.
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