Asian central banks crack down on cryptocurrency

PBoC
The PBoC has reportedly told payment services not to support cryptocurrency trading

Central banks across Asia are cracking down on cryptocurrencies, in moves that appear to have encouraged sharp drops in the prices of the virtual assets this week.

The People’s Bank of China has reportedly asked payment institutions to stop their channels being used for cryptocurrency transactions, according to a notice published on January 17 by local media sources. The Chinese-language notice was distributed to payment institutions directly and was not published on the central bank’s website

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