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HomeCrypto NewsMarket11 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.


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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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Author

Ammara
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.

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