The post China Cracks Down on US Stock Trading Platforms, Orders Illegal Gains Seized appeared first on Coinpedia Fintech News
China has launched a major crackdown on overseas stock trading platforms operating inside the country, targeting some of the biggest brokers offering access to U.S. stocks for Chinese investors. Meanwhile, Chinese regulators now plan to confiscate illegal profits and completely shut down unauthorized cross-border trading services within the next two years. China Targets Major Overseas …