A Chinese journalist that covers everything to do with crypto and blockchain industries has reported that, according to a recent order from three leading Chinese associations, financial institutions are forbidden to use digital currencies in their businesses—for pricing, trading, etc.
Wu specifies that these restrictions have appeared after a great number of altcoin investors have emerged in China recently.
Recently, due to the popularity of altcoins, more new investors have appeared in China, which has aroused the attention of regulators. But this warning was issued by the association, showing that it has not yet reached a higher level of attention from the Chinese authorities.
