What is the ban on cryptocurrency?

Under the ban, such institutions, including banks and online payments channels, must not offer clients any service involving cryptocurrency, such as registration, trading, clearing and settlement, three industry bodies said in a joint statement on Tuesday

Can banks and online payments channels offer cryptocurrency services?

Under the ban, such institutions, including banks and online payments channels, must not offer clients any service involving cryptocurrency, such as registration, trading, clearing, and settlement, three industry bodies said in a joint statement on Tuesday.

What is the people's Bank of China's cryptocurrency ban?

In June 2019, the People's Bank of China issued a statement saying it would block access to all domestic and foreign cryptocurrency exchanges and Initial Coin Offering websites, aiming to clamp down on all cryptocurrency trading with a ban on foreign exchanges.

Can a business accept cryptocurrencies?

Businesses can use cryptocurrency payment processors to accept crypto payments on their websites. GoCrypto is one of the top crypto payment platforms, and it is available to merchants from over 60 countries. How can my company accept cryptocurrencies?