National Internet Finance Association of China said that the cryptocurrencies are a speculative investment tool, which is also used for illegal financing and money laundering. This is reported by the Coindesk.
The statement of the self-regulatory organization also says that the platforms for trading crypto-currencies are outside the legal field:
Any trading platform for any kind of so-called 'coin' has no legal base of foundation in China.
Despite this statement, the recent ban on ICO, as well as the spread rumors about the closure of exchanges, China still operates such large crypto-exchange sites as Huobi, BTCC and OKCoin.
At the same time, the platform for over-the-counter trading in crypto-currencies BitKan reported that it plans to suspend operations.