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Cryptopolitan 2019-12-27 21:13:53

China frightened about crypto’s rebirth, issues warning

Among the top nations against crypto surge in the world is China. However, bothered by its resurgence in the country, regulators have urged authorities to curb the use of the currency within its border. China’s securities regulators had to urge Beijing authorities to carry out relevant actions to prevent the usage of cryptocurrencies by the public. This announcement was made on Friday, Dec. 27 on the China Securities Regulatory Commission (CSRC) website. CSRC again highlighted the risks of the resurgence of digital currencies, such as the growth of crypto trading activities, digital currency mortgage provision and introduction of zero-interest loans.

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