/PBoC Announces Payment Providers Banned From Facilitating Cryptocurrency Trades

PBoC Announces Payment Providers Banned From Facilitating Cryptocurrency Trades



It called for an uptick in daily monitoring efforts as well, so banks can detect cryptocurrency -related transactions ; if found, banks are directed to shut down those channels. Sources say an unnamed staff member at the People’s Bank of China (PBoC) has confirmed the legitimacy of the document, evenĀ …

Source: PBoC Announces Payment Providers Banned From Facilitating Cryptocurrency Trades