China plans to snuff out “dying cinders” of crypto trading

February 6, 2018

BEIJING - China plans to stamp out all remaining cryptocurrency trading in the country by blocking access to overseas-based websites and removing related applications from app stores, the Shanghai Daily reports.

The moves were outlined in a report on Sunday by Financial News, a publication under the People’s Bank of China, which said the aim was to snuff out the “dying cinders” of cryptocurrency trading and initial coin offerings “which are glowing once more”. (ATI).