Thursday, September 16, 2021
Home Crypto News Market 11 Companies Suspected Of Crypto Trading Were Closed By China Central Bank

11 Companies Suspected Of Crypto Trading Were Closed By China Central Bank

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The Shenzhen Center Branch of People’s Bank of China announced that 46 companies were being investigated for virtual currency trading. The Central Bank of Shenzhen Province issued a notice to shutdown the crypto trading activities of 11 companies with immediate effects.


Local reports claim that the Shenzhen branch of the Chinese central bank had compiled a list of 46 companies involved in illegal virtual currency trade.

To identify and correct illegal virtual currency trading companies, the Shenzhen branch’s special task force was established. This branch has rectified a well-known domestic financial website that had violated foreign currency trading.





Colin Wu, Chinese journalist writes:

“The Shenzhen branch of the Central Bank of China recently launched a special crackdown on illegal cryptocurrency trading activities and shut down 11 companies suspected of conducting illegal virtual currency activities.”

 

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Ammarahttps://thecryptobasic.com/
I am the editor-in-chief of The Crypto Basic. Love to get involved in cryptocurrencies. I am in crypto since 2014. I like the way blockchain is progression, being adopted by large firms and in most parts of our lives. We are early adopters and followers of blockchain, and time will surely come when our success factor will be blockchain.

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