- BEIJING, May 18 (Reuters) – China has prohibited financial institutions and payment businesses from offering services connected to cryptocurrency transactions and has urged investors against participating in speculative cryptocurrency trading. It was China’s latest move to restrict a growing digital trading economy. According to the prohibition, such institutions, including banks and online payment channels, are not permitted to provide clients with any cryptocurrency-related services, including registration, trading, clearing, and settlement, three industry organizations said in a joint statement on Tuesday. This is what the “statement” says China has prohibited the operation of cryptocurrency exchanges and initial coin offerings but...