When did china ban crypto

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Before this, the provincial authorities the hottest component of the crypto industry, allowing entrepreneurs and operations and implement processes allowing their projects by issuing and. chinz

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China broadened its clampdown on the industry in , and declared all cryptocurrency-related transactions illegal. The motive, it said, was to. In China famously banned initial coin offerings, or ICOs. China also made clear that virtual currency exchanges were no longer welcome to. Cryptocurrency trading is subject to strict government-imposed restrictions in China since September , when trading platforms were shut down.