Cryptocurrency Exchange CEOs Can’t Leave China

Reports from Chinese media said that Chinese Cryptocurrency exchange executives are forbidden from leaving the country.

State media reported that CEOs and even shareholders can’t leave the country to ensure their full cooperation with regulatory authorities. Beijing’s crackdown began as a ban on ICOs, but has morphed into a ban on all exchanges, and by the new report a ban on any cryptocurrency transactions and mining.

Researchers from the Chinese central bank are again urging the government to adopt a state-sponsored cryptocurrency under the control of The People’s Bank of China.

Tags: , ,