The Chinese authorities are going after 124 overseas cryptocurrency exchanges whose services are available in the country, despite the ban on crypto trading that came into effect last autumn.
According to a report of the financial news outlet Shanghai Securities Times, the China National Fintech Risk Rectification Office has identified those platforms and is going to adopt “targeted clean-up measures to maintain financial order and social stability”. Those will include active monitoring in real time and blocking access.
Those measures, according to people close to the organization, are taken in order “to consolidate...
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