Forex And Commodity Trading Comes Under Fire In China

Several weeks after Beijing's seemingly final ban in a long series of crackdowns on bitcoin trading, when the PBOC said that all crypto-related transactions are illegal which ironically backfired spectacularly and helped spark the latest surge in cryptos... ... China is now scrambling to contain other, far more conventional conduits for potential capital flight. On Friday, China's Industrial and Commercial Bank of China (ICBC) said it will restrict certain types of retail businesses involving foreign exchange and commodities trading. The move by…