China bans crypto exchange

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PARAGRAPHAt least 18 platforms providing services related to exchanye have either announced they are exiting of The Wall Street Journal, are now inaccessible, Chinese media reported Tuesday.

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China bans crypto exchange	Chinese nationals who work in marketing or tech support roles for foreign exchanges will now be subject to legal prosecution. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity. Head to consensus. The precursors to China's crypto ban. Eliza Gkritsi.
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Crypto tps	Virtual currency mining had been big business in China before May, accounting for more than half the world's crypto supply, but miners have been moving overseas. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. However, the Chinese government has struggled in the past to stop internet users from evading its controls. On Friday, in the first time the Beijing-based regulators have joined forces to explicitly ban all cryptocurrency-related activity, 10 agencies � including the central bank, financial, securities and foreign exchange regulators � vowed to work together to root out "illegal" cryptocurrency activity. Learn more about Consensus , CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Governments also worry that "mining", the energy-intensive computing process through which bitcoin and other tokens are created, is hurting global environmental goals. Despite the initial shock, analysts said they did not expect the crackdown to dent global crypto-asset prices in the long term because companies continued to adopt crypto products and services.
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