Rumor has it that Chinese banks are freezing client accounts that have a history of buying and selling cryptocurrencies. According to a Chinatimes report on June 13, banks in China have clarified that they are not shutting down any legit fiat to crypto accounts.
According to the report, China Merchants Bank, Bank of China, Agricultural Bank of China (OTC:ACGBF), China Construction Bank (OTC:CICHF) and industrial and Commercial Bank of China all responded that: