London Daily

Focus on the big picture.
Saturday, Jul 18, 2026
LondOn!
China bans financial, payment institutions from cryptocurrency business

China bans financial, payment institutions from cryptocurrency business

China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading.
Under the ban, such institutions, including banks and online payments channels, must not offer clients any service involving cryptocurrency, such as registration, trading, clearing and settlement, three industry bodies said in a joint statement on Tuesday.

“Recently, crypto currency prices have skyrocketed and plummeted, and speculative trading of cryptocurrency has rebounded, seriously infringing on the safety of people’s property and disrupting the normal economic and financial order,” they said in the statement.
Add Comment
Newsletter
Related Articles

Ukrainian Drone Barrage Kills Eight and Strikes Russian Logistics Network

Warehouses operated by Russia's largest online retailer burned in coordinated attacks that Kyiv said targeted supply routes for drone and navigation components.

The Ten World Cup Finals That Defined Football History

From Pelé’s emergence in Sweden and Uruguay’s shock at the Maracanã to Zidane’s final act and Messi’s triumph in Qatar, these matches set the standard awaiting Argentina and Spa...

Smartphones Are Getting More Expensive, Sales Are Collapsing, and Even Apple Admits: "Prices Will Rise"

Surging memory prices, soaring demand for artificial intelligence hardware and supply chain disruptions are driving smartphone prices higher while analysts forecast the steepest...

The Monaco Bombing Has Become a Test of Ukraine’s Intelligence Accountability

A failed assassination, the execution-style killing of the alleged bomber and the arrest of a military intelligence officer have turned a criminal investigation into a political...

Leadership Change and Strategic Rivalry Redraw the Political Map

Britain’s political transition, renewed pressure between Washington and Tehran, domestic unrest in the United States, closer Russia-China alignment and a new India-United Kingdo...

Energy Risk, Uneven Growth and the New Geography of Global Capital

Oil-market pressure, China’s slowdown, record Wall Street profits, a semiconductor sell-off and a newly active India-United Kingdom trade pact revealed a global economy being pu...

The AI Race Enters Its Infrastructure Era

The past week showed the artificial intelligence competition expanding far beyond better models, as battles over chips, operating systems, consumer hardware and national markets...

Security and resilience remain long-term national priorities

Cyber threats, defence cooperation and protection of strategic industries are becoming increasingly important elements of Britain’s domestic and international policy agenda.

Britain balances growth ambitions with public finance pressures

The next government will face the challenge of improving economic performance while managing fiscal constraints, investment needs and pressure on public services.

Regional devolution becomes a defining theme of the next Labour era

Andy Burnham’s leadership is expected to place greater emphasis on transferring economic power away from London and strengthening local decision-making across the United Kingdom.

Industrial strategy returns to the centre of British economic policy

The British Steel takeover reflects a broader debate over the role of government in protecting critical industries, maintaining manufacturing capacity and supporting national ec...
Playlist Hide
0:00
0:00
Open
0:00
0:00
Close
Ukrainian Drone Barrage Kills Eight and Strikes Russian Logistics Network
The Ten World Cup Finals That Defined Football History
Smartphones Are Getting More Expensive, Sales Are Collapsing, and Even Apple Admits: "Prices Will Rise"
The Monaco Bombing Has Become a Test of Ukraine’s Intelligence Accountability
Leadership Change and Strategic Rivalry Redraw the Political Map
Energy Risk, Uneven Growth and the New Geography of Global Capital
The AI Race Enters Its Infrastructure Era
Security and resilience remain long-term national priorities
Britain balances growth ambitions with public finance pressures
Regional devolution becomes a defining theme of the next Labour era
Industrial strategy returns to the centre of British economic policy
Political Instability Remains a Challenge for UK Investment Confidence
Brexit Economic Debate Continues as Public Concerns Over Long-Term Impact Remain
UK Climate Risks Rise as Met Office Warns Extreme Weather Is Becoming More Common
Housing Shortages and Regional Inequality Become Key Priorities Under Incoming Labour Leadership
National Health Service Reform Remains One of Britain’s Biggest Political Challenges
Bank of England Remains at Centre of UK Economic Debate Over Inflation and Growth
UK Economy Shows Recovery Signs but Households and Businesses Remain Under Pressure
Britain Deepens European Defence Cooperation as NATO Allies Seek Stronger Security Capabilities
United Kingdom Expands Sanctions Against Russian Cyber Networks Over Security Threats
UK Industrial Strategy Faces Test After Government Takes Control of British Steel
British Businesses Seek Policy Clarity as Andy Burnham Prepares to Lead Labour Government
Andy Burnham’s Labour Leadership Signals Major Shift Toward Regional Power and Devolution
British Steel Nationalisation Creates New UK-China Tensions Over Control of Strategic Industry
For 36 Years, He Scammed About 300 Luxury Hotels — Until He Was Caught
England's World Cup Exit Expected to Cost Hospitality and Retail £334 Million
Former ICC Prosecutor Aide Speaks Publicly About Allegations Against Karim Khan
Opposition Raises Questions Over June Heatwave Power Grid Pressures
Mastercard Explores Sale of Majority Stake in UK Payments Operator Vocalink
Boeing Forecasts Global Commercial Aircraft Fleet Will Double by 2045
London GP Surgeries Receive £18 Million to Expand Primary Care Capacity
Health Advisers Recommend Nationwide Meningitis B Vaccination for Teenagers
OECD Warns UK Economy Faces Slower Growth and Weak Productivity
Treasury Places Major Global Cloud Providers Under Direct Financial Oversight
Financial Markets Rally as Shabana Mahmood Emerges as Leading Treasury Candidate
Incoming Government Prepares Thames Water Nationalisation and New North Sea Drilling Approvals
UK Government Plans Deep Cuts to Bilateral Aid for African Nations
United States and Iran Exchange Direct Strikes for Seventh Consecutive Night
Incoming Prime Minister Andy Burnham Confirmed as Labour Leader Ahead of Downing Street Handover
Britain Nationalises British Steel to Protect Scunthorpe Production and Strategic Supply
Andy Burnham Takes Labour Leadership and Prepares to Become Britain’s Seventh Prime Minister in a Decade
Tech Companies Want to Move Computing Off Your Screen and Onto Your Body
White House Teleprompter Operator Earned More Than $100,000 From Bets Linked to the President's Speeches
French Prime Minister Survives No-Confidence Vote After Controversial Budget Cuts
European Commission Opens Excessive Deficit Procedure Against France
French Senate Blocks Key Immigration Reform Measures
French Government Pushes EU Action Against Ultra-Fast Fashion Imports
French Parliament Debates Expanded Autonomy Powers for Corsica
France Reopens Autonomy Talks With New Caledonia After Months of Unrest
Bordeaux Wine Producers Seek Three Hundred Million Euro Aid Package After Export Collapse
×