According to Chinese crypto and blockchain journalist Wu Blockchain, China’s third-largest bank is sending information to all users about cryptocurrency transaction risks. The bank emphasizes that users should not participate in any transaction activities.
Agricultural Bank of China warns users of crypto trading risks
The American FUD seems to have replaced the Chinese FUD. So what is the Chinese government’s stance towards cryptocurrency in the second half of the year? There is an opinion that the Central Bank of China, in its last two meetings, stated that the regulation in the first half of the year reached the target. If there are no further changes, there may be no new regulatory actions in the second half of the year. This could also be one of the reasons for the recent surge in crypto prices.
However, on August 10, China’s “Economic Daily”, the official media of China’s k sector, reported that the Bitcoin price has reached a new high since May. The cryptocurrency padollary that has been dried up by the regulatory authorities is coming back. Judging by the comments, if new changes emerge, the Chinese government will take action at any moment. Recent important news has had a huge impact on BTC. Cryptocoin. com, BitDAO controlled by Bybit will partner with Sushi MISO to launch the BIT token. To some extent this can be seen as the currency of the Bybit platform.
Wu Blockchain: China’s third-largest bank warns of cryptocurrencies!
According to Chinese crypto and blockchain journalist Wu Blockchain, China’s third-largest bank is sending information to all users about cryptocurrency transaction risks. The bank emphasizes that users should not participate in any transaction activities. Faced with today’s news, some users expressed their anger quite clearly.
They believe that Wu specializes in presenting only useless FUD news. However, it should be noted that any information is facts. And we should all know this information in order to make better decisions. You should always do your own research when trading cryptocurrencies. The leading cryptocurrency Bitcoin is trading at $46,200, up 1.09% at the time of writing. The flagship of cryptocurrencies currently has a market cap of $868 billion.