The People’s Bank of China has issued another warning about the risks of cryptocurrency trading activities

According to the last-minute statement made by the Department of Business Administration of the Central Bank of China, it was announced that a Beijing company that provides software services for digital currency processes was canceled and its website was closed. In addition, it was stated that no institution can provide services for digital money processes.

To implement the State Council’s decision and distribution to prevent, mitigate, control, and protect the public’s property security of cryptocurrency processes, the Beijing Local Financial Supervision and Administration Office recently agreed to act with the People’s Bank of China Business Administration Department and the Huairou District Government. specified.

Related departments are Beijing Tongdao Cultural Development Co., which is suspected of providing software services for virtual currency processes. , Ltd. He asked for the activities to be stopped. In addition, the official website of the company has been suspended.

This article was originally published on Muhabbit

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