China has told banks and payments platforms to stop supporting digital currency transactions.Their central bank said it had recently summoned several major banks and payments companies to call on them to take tougher action over the trading of cryptocurrencies.Banks were told to not provide products or services such as trading, clearing and settlement for cryptocurrency transactions.Authorities have ordered the closure of 26 mines last week.Last month China's cabinet, the State Council, said it would crack down on cryptocurrency mining and trading as part of a campaign to control financial risks.The day will come when a united crypto community will publicly and peacefully stand against government's trying to restrict/block it's citizens from transacting in peaceful cryptographic code on decentralised and open networks.When that day comes, I for one will be more than willing to take my place on the frontline.
Submitted June 24, 2021 at 07:30PM
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