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China's central bank urges financial institutions to crack down on cryptocurrencies

SHANGHAI, June 21 (Reuters) - China’s central bank said on Monday it had summoned some banks and payment institutions recently, urging them to crack down harder on cryptocurrency trading.

The People’s Bank of China urged the institutions to promptly cut payment channels for cryptocurrency trading. They must not provide other crypto-related financial services, PBOC said. (Reporting by SHANGHAI NEWSROOM)

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