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Binance to End Chinese Yuan Transactions After China’s Strong Crypto Ban

Binance, the world’s largest cryptocurrency exchange, announced on Wednesday that it will end customer-to-customer (C2C) Chinese yuan (CNY) trading before the end of this year. Binance’s latest action is considered a backlash in response to China’s latest crypto ban. Although Binance pulled out of the mainland China market in 2017, it still allows users to freely trade Bitcoin, Ethereum, and Tether for RMB peer to peer.…

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