Thursday 21 October 2021
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scmp - 8 days ago

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

Binance, the world’s largest cryptocurrency exchange that has attracted multiple warnings from regulators, said it would stop offering its peer-to-peer trading service in China by the end of 2021 in a move that would represent a clean break from a market it largely withdrew from in 2017.The move was made “in response to regulatory and policy demand”, the company said in an announcement on its website on Wednesday. The peer-to-peer service has enabled mainland China residents to buy and sell…


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