China central bank shuts down software maker over cryptocurrency trading

znm/iStock Editorial via Getty ImagesA Beijing office that represents China's central bank ordered the shutdown of Beijing Qudao Cultural Development, a software producer, due to suspected involvement in cryptocurrency trading, Reuters reports, citing the PBOC's Beijing office.Per Reuters, the statement says companies in Beijing "should not provide venues, commercial displays or advertising for cryptocurrency-related businesses."Bitcoin (BTC-USD) rises 2.9% to $34.4K and Ethereum is up 5.6% to $2.3K.Previously, (June 21) China intensifies its crackdown on crypto mining.The U.K. also foresees risks for cryptocurrency as Binance Group, the cryptocurrency exchange, cannot operate in the U.K.