The People’s Bank of China has once again called on banks and payment systems to step up efforts to negotiate with foreign cryptocurrencies in the country and even ordered the freezing of these portfolios.
The information is provided by the international press, which refers to a meeting between representatives of the People’s Bank of China, several state-owned banks and Alipay (China’s main payment system), which will be given instructions on how to implement the directives and notices. authorities on the dangers of cryptocurrency transactions and speculation in an effort to counter these unregulated payment methods.
During the same meeting, it was also decided that financial sector companies should research and identify clients with crypto portfolios in the country, which should be frozen and canceled.
In light of these announcements, the bitcoin price has dropped about 7% in the last 24 hours to $ 32,253, but even dropped to $ 31,808. Ethereum also fell 9.72% to hit $ 1,931 and traded at $ 1,891 per session.
Back in May, the inner region of Mongolia proposed to Beijing to impose sanctions on companies and individuals involved in cryptocurrency trading, saying it was “necessary” to stop the bitcoin transaction.
The measures announced by the Chinese government are part of a plan to contain its proliferation in the country, which is the world’s leading digital currency miner, which has already banned the adoption of this payment method by the government and the People’s Bank of China.
In connection with the spread of technology in the territory, a national cryptocurrency was created – the digital yuan, which has already been distributed among the population through lotteries and pilot tests, but which seems to be difficult to catch. This coin is issued by the People’s Bank of China and therefore does not have a decentralized character that is so attractive and usual for other offerings.
