All in an attempt to clear the

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2021-06-21

All in an attempt to clear the way for digital yuan

China’s PBOC Orders Alipay, Banks Not to Assist Crypto Business

China said Monday it had ordered domestic banks and Ant Group Co. payment platform Alipay not to pro

China’s PBOC Orders Alipay, Banks Not to Assist Crypto Business

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Bitcoin fell as much as 10% on Monday, dropping to lows after the PBOC statement was released.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s PBOC Orders Alipay, Banks Not to Assist Crypto Business</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s PBOC Orders Alipay, Banks Not to Assist Crypto Business\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 19:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-21/china-s-pboc-orders-alipay-banks-not-to-assist-crypto-business?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China said Monday it had ordered domestic banks and Ant Group Co. payment platform Alipay not to provide services linked to trading of virtual currencies, tightening the reins on the cryptocurrency ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-21/china-s-pboc-orders-alipay-banks-not-to-assist-crypto-business?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W","COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-21/china-s-pboc-orders-alipay-banks-not-to-assist-crypto-business?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125790272","content_text":"China said Monday it had ordered domestic banks and Ant Group Co. payment platform Alipay not to provide services linked to trading of virtual currencies, tightening the reins on the cryptocurrency industry yet again.\nLenders like Industrial and Commercial Bank of China Ltd. and Agricultural Bank of China Ltd. as well as Alipay were summoned to a meeting with central bank authorities, the People’s Bank of China said in astatement.\nThe inquiry was focused on services provided to assist speculative trades in virtual currencies, it said, adding such activities “disrupt financial order and also breed risks of criminal activities like illegal cross-border asset transfers and money laundering.”\nApart from being prohibited from providing products or services that assist such activities, the institutions were also ordered to cut off payment channels for crypto exchanges and over-the-counter platforms, according to the statement.\nCryptocurrencies have been pressured in recent weeks as China has taken steps to rein in everything from mining to trading. 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