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China to step up cryptocurrency crackdown

A fan (left) pays in virtual currency to take a picture with one of his favourite performers after a live stage performance of idol group Kasotsuka Shojo (Virtual Currency Girls) in Tokyo on January 12, 2018. AFP PHOTO | Kazuhiro NOGI

By  AFP

China is preparing for a new crackdown on cryptocurrency, planning to stamp out remaining trading in the country, according to state media.

China will gradually clean up over-the-counter trading platforms, peer-to-peer networks where large exchanges occur and firms registered in the country which allow Chinese to trade overseas, the state-run Securities Journal said Tuesday.

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