PBoC continues crypto trading crackdown

The People's Bank of China

The People’s Bank of China shut down a firm providing cryptocurrency trading software, as Chinese authorities continued their crackdown on crypto-related transactions.

Two days after the closure, a senior PBoC official announced that the central bank would step up tests of its prototype “digital yuan”.

The PBoC’s Beijing office ordered the software firm, Beijing Qudao Cultural Development, to suspend operations, it said in a statement on July 6. According to its business registration, Beijing

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