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China’s central bank intensifies cryptocurrency crackdown as it targets offshore exchanges with ties to mainland




China’s central bank has intensified its crackdown on cryptocurrency activities, warning on Friday that anyone involved in providing support to an offshore exchange could come under investigation.It is in one of the country’s most explicit warnings to date targeting foreign platforms.In its latest reiteration of its ban on cryptocurrency trading activities, the central bank said virtual tokens such as bitcoin and ether are not legal tender. Cryptocurrencies “should not, and are not capable of…



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