Chinese Government, Central Bank Continue Crackdown on Cryptocurrency Trading

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China Cryptocurrency ICOs SuspensionChinese officials have continued their campaign against cryptocurrency interest in their country with a renewed effort to restrict public access to popular trading methods. Most recently, the People’s Bank of China (PBOC) proposed more stringent limitations that would build on regulations enacted in September of last year. Centralized and Cross-border Trading? Big Brother Says No Way According to an internal memo obtained by Reuters, the Chinese government wants to ban centralized and outsourced cryptocurrency trading, and the PBOC is paving the way for fresh regulations. At a government meeting that included internet regulators and financial policy officials, PBOC Vice Governor Pan Gongsheng

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