Before this, the provincial authorities of Inner Mongolia, Xinjiang and Sichuan provinces, which were all activities within its borders amid the catalog of industries the highest journalistic cryto and abides.
The competent authorities will closely monitor the related developments, strengthen coordination with the judicial departments and local governments, strictly enforce the law and work based on the current mechanism, and resolutely clamp down on market irregularities. Ethereum, widely considered the bigger beneficiary of the ICO boom of the two, was down more than 12 percent. The aftermath of this development saw some China-based exchanges move their operations to other countries while others had to close shop. It added that authorities will crack down on related fraudulent practices.