Chinese trade associations sound crypto investment warning
According to the release, cryptocurrencies are not “real currency” and should not be used as a medium of exchange for goods and services.
“Internet platform corporate member units shall not provide services such as online business premises, commercial displays, marketing promotion, paid diversion, etc. for virtual currency-related business activities. If clues or related problems are found, they shall promptly report to relevant departments and provide technical support for related investigations and assistance.”
Chinese trade associations sound crypto investment warning (cointelegraph.com)China Cracks Down On Crypto Business, Saying ‘Speculative’ Trading ‘Seriously Infringing’ On Financial Order
China Cracks Down On Crypto Business, Saying ‘Speculative’ Trading ‘Seriously Infringing’ On Financial Order (forbes.com)
