China’s Central Bank Meet With Five Banks to Toughen Stance on Crypto

China’s central bank has reportedly held conversations with five financial institutions from across the country to discuss the growing hype around cryptocurrencies and further widen the crackdown on the emerging industry. According to the Financial Association News, the organizations involved included  Industrial and Commercial Bank of China, Agricultural Bank of China, Construction Bank, Postal Savings Bank of China, Industrial Bank, and Alipay (China ) Network Technology Co., Ltd.