BIC’s Video News Show: China Bans & Evergrande
BeInCrypto –
In this episode of BeInCrypto’s Video New Show, host Jessica Walker takes a look at recent events in China. It seems like China has been in the news every day for the last week, and not only for crypto.
China strikes again
Last week, ten Chinese government bodies barred overseas exchanges from providing services to mainland investors via the internet. This had previously been a gray area, but Chinese authorities’ recent statement settled the issue specifically.
“While this is not a surprise as China has ‘banned’ crypto many times in the past, this time there is no ambiguity,” said Henri Arslanian, PwC crypto leader and partner. “Crypto transactions and crypto services of all kinds are banned in China. No room for discussion. No gray area.”
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