Regulators in Beijing have removed 13 apps involved in cryptocurrency trading, a year after the country declared all crypto-related transactions illegal.
The latest crackdown, executed by the Beijing Local Financial Supervision and Administration, was revealed in a blog post from the People’s Court of Chaoyang District on a verified social media account. Chaoyang is one of Beijing’s largest and wealthiest districts.
The administration said it had also shut down 23 crypto media websites and online accounts belonging to 440 people promoting cryptocurrencies, as well as banned two bank accounts that were suspected of offering over-the-counter trading of cryptocurrencies.
People’s Bank of China, the country’s central bank, has blocked 10 addresses for downloading crypto exchange apps, one crypto trading app and 32 domain names related to cryptocurrencies, according to the blog post that did not name any apps, websites or bloggers.
The crackdown, which was coordinated across different...
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