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© Reuters.
Investing.com – The response from the Chinese cryptocurrency industry appears to have been swift, a sign of the rigor of recent escalating decisions by the People’s Bank of China.
Hubei Stock Exchange
Huobi, China’s largest bitcoin exchange, has decided to stop all further user registration inside the country, the first step taken in line with Beijing’s recent move to ban crypto-trading.
The company that runs the exchange has stopped allowing dealers to use Chinese cell phone numbers to register new accounts, after escalating decisions by the People’s Bank of China.
The People’s Bank of China, the central bank, said all cryptocurrency-related transactions would be considered illegal financial activity.
Huobi said users in Hong Kong can still open new accounts, but their creation for users in China is no longer allowed.
Huobi Exchange is one of the three largest cryptocurrency exchanges originating in China, along with OKEx and Binance.
The latest CPC warning is the first to deal with cryptocurrency exchanges outside of China that target home users because they are prohibited from using internal employees for marketing, payment settlement or of technology.
People’s Bank
The People’s Bank of China said all financial transactions using illegal use should be banned.
The Chinese central bank has said it will strengthen oversight of risks arising from cryptocurrency trading, stressing that providers of cryptocurrency trading outside of China should not provide their services to investors in China.
The Central Bank of China added, stressing that illegal financial activities related to digital currencies will be severely punished.
walk now
During those trading moments today, Sunday, the lowest levels of 42,000 were seen at $ 41.3 thousand, down 2.3%.
While Ethereum fell to the lowest levels of $ 2.8 thousand, down 3.7%, and fell about 6%, to $ 2.18.
Binance Coin is down more than 8% to $ 323, while it is down more than 4% to $ 0.901.
And it has fallen over 8%, to levels of $ 127, while Polka Dot has fallen over 9%, to levels of $ 27.3.
And Avalanche, Terra Luna and UniSwap fell 5.3%, 9.3%, 8.2% and 7.3% respectively.
The article does not express a recommendation or appointment, but simply a monitoring of market fluctuations, as digital currency trading involves high risks, including the risk of losing all or part of the investment amount, knowing that it is not fully submitted to the financial authorities. and markets.
Fusion media or anyone involved with Fusion Media will accept no responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.
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