China strengthens ban on private cryptos by declaring all foreign exchanges ‘illegal’ - AML Intelligence
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China strengthens ban on private cryptos by declaring all foreign exchanges ‘illegal’

By Dan Byrne for AMLi

China’s tough stance on cryptocurrency has reached another milestone this week, with a declaration that all activities related to cryptocurrency are “illegal.”

People’s Bank of China moved to expand its already tight hold on digital coins, by specifically forbidding any foreign crypto exchanges from doing business on PRC soil.

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