warnings notices: But financial watchdogs including the Chinese central bank have in past weeks ordered cryptocurrency firms to shutter and warned investors to be wary of digital currencies, seeking to rein in a market prone to excesses, according to The Japan Times. Weibo, a Chinese Twitter-like service, suspended accounts operated by major exchange Binance Holdings Ltd. and blockchain platform Tron. At least five local exchanges have halted operations or announced they will no longer serve domestic users this month, after regulators issued a series of warnings and notices as part of a cleanup of digital currency trading. ; China is stepping up scrutiny of its massive cryptocurrency industry just weeks after President Xi Jinping ignited a market frenzy by declaring Beijing's support for the blockchain technology that underpins the sector. Taken together, the latest wave of shutdowns and restrictions represent the biggest cleanup of the sector since an initial Chinese clampdown in September 2017. Now, even those alternatives have succumbed to regulators, spooking investors. Although exchanges that allow users to buy Bitcoin and Ether with fiat money were banned, trading had remained rampant in China through over-the-counter platforms or services that deal with cryptocurrency assets only.
(news.financializer.com). As
reported in the news.
Tagged under warnings notices, currency trading topics.