Chinese regulators to continue strict rectification of token platforms 'going offshore', OTC trading
After a gap of less than six months, signals of consolidation regarding digital tokens have been reignited.
On January 16, 21st Century Business Herald reporter learned from a number of token trading platform sources that the regulatory layer recently in an Internet financial risk special rectification work briefing, released the signal that will continue to strictly rectify the "offshore" and "over-the-counter trading" activities of digital asset tokens (hereinafter referred to as tokens) platforms such as bitcoin and ethereum.
In fact, the vast majority of token trading platforms have been closed at the end of September last year, but some platforms continue to carry out token OTC business overseas through cooperation, overseas establishment and other affiliations; and under the above regulatory signal release, many platforms "reborn" through such means are facing new policy risks.
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