China Bars Financial Companies From Cryptocurrency Services
In a fresh crackdown on cryptocurrencies, China has banned financial services providers from certain offerings related to the popular but volatile asset class.
In a joint statement issued on Tuesday, the country's Banking Association, the National Internet Finance Association, and the Payment and Clearing Association prohibited such companies from providing a raft of crypto-related services. These include trading in such assets, custody, clearing and settlement, and registration.
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Source Fool.com
