Asian central banks crack down on cryptocurrency
Central banks in China, Korea, Malaysia and Singapore all taking action
Central banks across Asia are cracking down on cryptocurrencies, in moves that appear to have encouraged sharp drops in the prices of the virtual assets this week.
The People’s Bank of China has reportedly asked payment institutions to stop their channels being used for cryptocurrency transactions, according to a notice published on January 17 by local media sources. The Chinese-language notice was distributed to payment institutions directly and was not published on the central bank’s website
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