Central Bank: Continuously cracking down on domestic virtual currency trading speculation, the trading volume of Bitcoin in China has significantly decreased in its global share

Chain Catcher News, the People's Bank of China published an article titled "Preventing and Resolving Financial Risks and Improving the Long-term Mechanism for Financial Stability." The article mentions that efforts to continuously combat domestic virtual currency trading speculation have led to a significant decrease in China's share of global Bitcoin trading volume. The cleanup and rectification of financial asset trading venues have achieved positive results, effectively curbing the momentum of disorderly expansion and reckless growth, with a substantial reduction in quantity, business scale, and the number of participants, leading to a noticeable convergence of risks. (Source link)