London Daily

Focus on the big picture.
Wednesday, Sep 23, 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

Piddington Residents Back Symbolic Independence Vote Over Asylum Accommodation Plan

Residents of the Oxfordshire village of Piddington voted 285 to 26 in a non-binding referendum for symbolic independence from the UK in protest over plans to house up to 1,256 m...

Reform UK Names Helen Jenner as New Leader in Wales

Reform UK has appointed Helen Jenner as its new Welsh leader after Dan Thomas stepped down following his arrest on suspicion of assault and controlling or coercive behaviour; Th...

England Expands Devolution of Transport, Skills and Economic Development Powers

The UK government is transferring greater authority over transport, adult skills, planning and economic development to strategic regional bodies as England’s devolution framewor...

Liberal Democrats Call for Temporary Fuel Duty Cut to Ease Cost-of-Living Pressure

Ed Davey’s Liberal Democrats are proposing a temporary reduction in fuel duty as part of a transport package intended to lower costs for motorists while energy prices remain ele...

UK Farmers Warn Drought Has Caused Crop Failures and Reduced Harvests

The National Farmers’ Union says extreme weather has caused failed crops, sharply lower harvests and poor grass growth, increasing financial pressure on farms after the prolonge...

UK Fixed Mortgage Rates Approach 6% as Lenders Raise Borrowing Costs

The average two-year fixed residential mortgage rate has risen to about 5.9%, while the average five-year rate is around 5.9%, adding pressure on households refinancing their ho...

YouGov Poll Puts Labour at 23% With Conservatives and Reform UK on 21%

A YouGov survey conducted on September 20 and 21 placed Labour at 23% of Westminster voting intention, with the Conservatives and Reform UK tied on 21%, while the Greens recorde...

Badenoch Presses Burnham to Increase Defence Spending and Cut Welfare Costs

Conservative leader Kemi Badenoch has accused Prime Minister Andy Burnham of moving too slowly on defence and argues that reductions in welfare spending should help finance fast...

UK Military Figures Warn of Growing Threats to Undersea Infrastructure and National Readiness

Senior and former military figures are raising concerns over Britain’s preparedness for cyber, maritime and other grey-zone threats as the Royal Navy increases its focus on prot...

BP Moves Ahead With Sale of UK North Sea Oil and Gas Business

BP is marketing its UK North Sea portfolio as part of a broader asset-divestment program, with the business encompassing interests in five production hubs and employing about 1,...

UK and ASEAN Endorse New Framework for Trade and Economic Cooperation

British and ASEAN economic ministers meeting in Manila have endorsed a joint declaration covering trade digitalisation, investment, supply-chain resilience and economic security...
Playlist Hide
0:00
0:00
Open
0:00
0:00
Close
Piddington Residents Back Symbolic Independence Vote Over Asylum Accommodation Plan
Reform UK Names Helen Jenner as New Leader in Wales
England Expands Devolution of Transport, Skills and Economic Development Powers
Liberal Democrats Call for Temporary Fuel Duty Cut to Ease Cost-of-Living Pressure
UK Farmers Warn Drought Has Caused Crop Failures and Reduced Harvests
UK Fixed Mortgage Rates Approach 6% as Lenders Raise Borrowing Costs
YouGov Poll Puts Labour at 23% With Conservatives and Reform UK on 21%
Badenoch Presses Burnham to Increase Defence Spending and Cut Welfare Costs
UK Military Figures Warn of Growing Threats to Undersea Infrastructure and National Readiness
BP Moves Ahead With Sale of UK North Sea Oil and Gas Business
UK and ASEAN Endorse New Framework for Trade and Economic Cooperation
UK Consumer Confidence Falls to Three-Year Low as Borrowing Costs and Job Concerns Rise
UK Inflation Rises to 3.1% as Motor Fuel Costs Push Prices Higher
Bank of England Sets Multi-Year Plan to Wind Down Quantitative Easing Holdings
UK Borrowing Rises to £18.3 Billion in August Ahead of October Budget
Michelin Guide Faces Industry Questions Over Restaurant Inspection Coverage
English Woodlands Face Renewed Weather Stress From Dry Conditions and Strong Winds
Research Finds Extensive Alcohol, Gambling and Unhealthy Food Branding During 2026 World Cup
Five Charged After Newborn Baby Dies From Stab Wounds in Sheffield
BT Could Reap £2 Billion From Recycling Copper as Full-Fibre Network Expands
FCA Urges Young Adults to Trace £1.5 Billion in Unclaimed Child Trust Funds
Reform UK Names Helen Jenner as New Leader in Wales After Dan Thomas Steps Down
Resolution Foundation Calls for Broad-Based Tax Rises to Fund Higher UK Defence Spending
Ed Davey Calls for Global Treaty to Halt Development of Super-Intelligent AI
Scotland Consults on Legal Price Caps for Essential Foods
NHS Productivity Reforms Could Prevent More Than 20,000 Early Deaths a Year, Report Says
United Kingdom and ASEAN Deepen Trade and Investment Cooperation
United Kingdom Deploys RAF Refuelling Support to Saudi Arabia After Houthi Attacks
UK Fiscal Headroom Shrinks as Higher Borrowing Costs Complicate Autumn Budget
UK Public Borrowing Jumps to £18.3 Billion in August, Raising Pressure Before Budget
Andy Burnham Reaffirms UK Net-Zero Target With £30 Million Community Energy Fund
Scottish Labour Leader Backs Rosebank and Jackdaw North Sea Projects
UK Consumer Confidence Falls to Three-Year Low
UK Diesel Prices Approach £2 a Litre as Global Supply Shortages Intensify
Chiltern Railways Returns to Public Ownership as UK Rail Nationalisation Advances
British Museum Faces Questions Over Peter Thiel’s Private Bayeux Tapestry Viewing
Earl Spencer Memoir Excerpts Renew Public Debate Over Diana’s Death
Liberal Democrats Gather in Brighton for Autumn Conference
Mothercare Shares Plunge as Middle East Store Closures Threaten Long-Term Solvency
Kent Police Treat Folkestone Hotel Fire as Suspicious
Caribbean Governments Advance Reparations Campaign Seeking Engagement With Britain
Scottish Labour Leader Backs Rosebank and Jackdaw North Sea Projects
FCA Urges Young Adults to Trace £1.5 Billion in Unclaimed Child Trust Funds
UK Competition Regulator Opens Inquiry Into McCormick-Unilever Foods Deal
Public Inquiry Into Tees, Esk and Wear Valleys Mental Health Failings Set to Begin
Nigel Farage Looks to US Immigration Enforcement Model for UK Border Policy
Chiltern Railways Moves Into Public Ownership
Security Review Raises Concerns Over Sensitive UK Police Data Stored on Microsoft Cloud
Burnham Government Warns of Difficult Autumn Budget as Fiscal Headroom Narrows
Bank of England Holds Rates at 3.75% as Inflation Rises to 3.1%
×