PBOC cautions investors not to confuse between blockchain and cryptocurrency trading. The crackdown is coming a month after Xi Jinping publicly supported the development of the blockchain technology. The central bank of China, the People’s Bank of China (PBOC) is planning to launch a cryptocurrency trading crackdown in the city of Shanghai. According to Reuters, the PBOC made a statement regarding the crackdown on Friday. The central bank advised investors to be careful not to mistake the blockchain technology and cryptocurrency trading. It clarifies that trading and financing via the issuance of cryptos carries with it numerous risks. The Shanghai PBOC headquarters’ statement comes barely a month since the President of China, Xi Jinping acknowledged support for blockchain. Firms involved in the development of the technology have seen an increase in interest among investors from the time the statement was issued. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next AUD/USD does not rule out another test of 0.6765 – UOB FX Street 3 years PBOC cautions investors not to confuse between blockchain and cryptocurrency trading. The crackdown is coming a month after Xi Jinping publicly supported the development of the blockchain technology. The central bank of China, the People's Bank of China (PBOC) is planning to launch a cryptocurrency trading crackdown in the city of Shanghai. According to Reuters, the PBOC made a statement regarding the crackdown on Friday. The central bank advised investors to be careful not to mistake the blockchain technology and cryptocurrency trading. It clarifies that trading and financing via the issuance of cryptos carries with it numerous risks. The Shanghai… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
