China Just Put A Two-Year Expiry Date On Crypto Access For 1.4 Billion People

China’s securities regulator, the China Securities Regulatory Commission, announced on May 25 that it will penalize three major offshore brokerages for their ties to crypto — Tiger Brokers, Futu Securities, and Longbridge Securities — for illegal cross-border financial operations targeting mainland investors, as part of a sweeping nine-agency implementation plan that sets a two-year deadline to eliminate all unauthorized cross-border securities, futures, and fund management activity from China’s financial landscape. Related Reading: Bankless Co-Founder Explains Why He Sold All His Ethereum The announcement, made public via the State Council Information Office and covered by China’s official Xinhua News Agency, represents the most coordinated regulatory enforcement ac...