The peer-to-peer service has enabled mainland China residents to buy and sell digital currencies bilaterally using fiat currencies such as the yuan. Photo: Reuters The peer-to-peer service has enabled mainland China residents to buy and sell digital currencies bilaterally using fiat currencies such as the yuan. Photo: Reuters
The peer-to-peer service has enabled mainland China residents to buy and sell digital currencies bilaterally using fiat currencies such as the yuan. Photo: Reuters

Binance to halt peer-to-peer trading service in China, severing final link with market amid Beijing’s cryptocurrency crackdown

  • The world’s largest cryptocurrency exchange says it will halt its P2P cryptocurrency trading in China by the end of the year
  • Move comes after the central bank warned that foreign cryptocurrency exchanges providing services to Chinese users are breaking the law

Topic |   Digital currencies
The peer-to-peer service has enabled mainland China residents to buy and sell digital currencies bilaterally using fiat currencies such as the yuan. Photo: Reuters The peer-to-peer service has enabled mainland China residents to buy and sell digital currencies bilaterally using fiat currencies such as the yuan. Photo: Reuters
The peer-to-peer service has enabled mainland China residents to buy and sell digital currencies bilaterally using fiat currencies such as the yuan. Photo: Reuters
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