Wednesday, June 29, 2022
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

- Advertisement -
Follow-Us-On-Google-News

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.”

 

- Advertisement -

Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Santiment: Terra Luna Classic (LUNC) 107% and USTC 320% Sudden Uptick Might Reawaken Interest Soon

  Santiment Reports Terra Classic (LUNC) and USTC Recent Surge Can Revive Interest In Coins Soon. window.coinzilla_display =...

How Do Crypto Trading Bots Work and Are They Worth It?

Trading has greatly transformed during the last decade — instead of traditional old-fashioned currencies, we have got innovative and decentralized money. Instead of closing...

Terra Luna Classic (LUNC) Accepted as Payment in StarShip Universe, Also 1.2% of All LUNC Payments To Be Burnt

  Terra Luna Classic (LUNC) is accepted as payment inside the StarShip Universe with a 1.2 percent tax burn in the largest new metaverse, StarShip...

BabyDoge Team Announces Burn Date Of 50 Quadrillion Tokens, All Coins To Be Burned In One Transaction

Shiba Inu's Rival, Baby DogeCoin (BabyDoge) To Burn 50 Quadrillion Tokens on July 1st. window.coinzilla_display = window.coinzilla_display...

21Shares Launches Crypto Winter Products to Protect Investors From Bear Market

21Shares Launches "Crypto Winter Suite." window.coinzilla_display = window.coinzilla_display || ; var c_display_preferences = {}; ...

4 Basics Of Bitcoin Arbitrage

In the world of alternative investments, many savvy investors employ arbitrage to take advantage of price fluctuations in the market. Arbitrage is a term...

Ripple Confirms Partnership With UK Sports Car Company Lotus

  The sports car company will launch its automotive NFTs on Ripple’s XRPL. window.coinzilla_display = window.coinzilla_display || ; ...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.