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2019-12-04 14:23:27

China anti-crypto laws force 5 exchanges to close

While China is experiencing a blockchain revolution, the government is also cracking down on some serious anti-crypto legislature. Because of this new legislation, several cryptocurrency exchanges have been forced to stop their operations. Anti-crypto laws China’s efforts to eradicate cryptocurrency, and specifically Bitcoin, trading from the country. Back in 2017, the Chinese government issued an official ban for any ICO trading in the country, and since then authorities have been monitoring cryptocurrency activity. Since the tightening of the legislature in China, the government and authorities have identified more than thirty-five illegal cryptocurrency operators and exchanges. Unfortunately, the unfavourable legislative conditions