• Chairman Mao sees you illegally trading cryptocurrency (via David Dennis, CC-BY-SA 2.0)
    Bitcoin,  Regulation

    Was China’s digital yuan behind Binance’s Shanghai office closing?

    The November closure of a Shanghai office connected to a major crypto exchange may have presaged a broader crackdown as China prepares to launch a virtual currency

    The high-profile closing of a Shanghai office used by the Binance exchange in late November appears to have been an early example of China’s latest crackdown on cryptocurrency trading.