Chinese Regulators Recalled of the Ban on the Digital Currencies Use
China Securities Regulatory Commission (CSRC) called on the Beijing authorities to take measures to prevent the use of cryptocurrencies by the population of the state. The official website of the country's main financial regulator posted the announcement, listing the risks of cryptocurrency reintegration in China, on December 27, 2019, including:
- mortgages in digital coins;
- loans with zero interest rates;
- and many other violations of the People's Bank of China.