Friday, 24 March, 2023

China bans financial firms from providing Cryptocurrency services

<p>China has barred financial institutions from offering any service related to cryptocurrency. Services barred include trading, registration, settlement, and clearing said the local industry bodies in a joint statement. People can hold cryptocurrency but exchanges and initial coin offerings have been banned. China has warned investors against crypto trading due to the volatile nature of trade and contracts not being covered by Chinese law.&nbsp;</p>