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Several Beijing Authorities Issue Risk Warning For Conducting Cryptocurrency Business

Roland James

Summary: On Friday several local Beijing authorities issued a risk warning on cryptocurrency trading activities. The Beijing Local Financial Supervision and Administration Bureau, the Business Management Department of the People's Bank of China, the Beijing Banking and Insurance Regulatory Bureau and the Beijing Securities Regulatory Bureau all requested firms to not engage in cryptocurrency business. By ...

On Friday several local Beijing authorities issued a risk warning on cryptocurrency trading activities.

The Beijing Local Financial Supervision and Administration Bureau, the Business Management Department of the People's Bank of China, the Beijing Banking and Insurance Regulatory Bureau and the Beijing Securities Regulatory Bureau all requested firms to not engage in cryptocurrency business.

By Roland James

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