China’s tech hub says emphatic ‘no’ to cryptocurrency as Shenzhen’s central bank branch shows zero tolerance

The Shenzhen branch of the People’s Bank of China (PBOC) has “cleansed” eleven companies for their involvement in suspected illegal cryptocurrency activities as part of a special campaign to show a zero-tolerance attitude to cryptocurrency trading, according to the South China Morning Post, who cited a report by Shanghai Securities News. The newspaper did not provide specifics on how these companies were dealt with.