Chinese trade associations sound crypto investment warning

Chinese trade associations sound crypto investment warning

Three associations outlined four issues related to crypto investment, beginning with a call for their members to understand the nature of digital currencies. The China Internet Finance Association has signed a joint statement with the China Banking Association and China Payment and Clearing Association, warning the public about the risks of investing in cryptocurrencies.According to a report by Shanghai Securities News on Tuesday, the aforementioned trade association under the People’s Bank of China issued a communique titled “Preventing the risk of virtual currency transaction....


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