China Cracks Down on Risky Crypto Trades with New Bank Regulations

China’s foreign exchange regulator has introduced new laws requiring banks to flag risky transactions, including those involving cryptocurrencies. The State Administration of Foreign Exchange (SAFE) issued a notice last week outlining that banks must monitor and report “risky foreign exchange trading behaviors.”. China Forces Banks to Report Risky Crypto Trades According to the latest report,... source: https://beincrypto.com/china-cracks-down-on-crypto/