Chinese Stock Trading App Removes Crypto Price Tracking Feature

China Stock Crypto Price Tracking

Popular Chinese stock trading app Tong Huashun appears to have removed it’s crypto price tracking feature just weeks after its launch, probably due to regulatory difficulties in the country.

Launched May 17, the service offered real-time price indexing for major cryptocurrencies such as bitcoin, bitcoin cash, ethereum, XRP, and litecoin, although did not provide an in-app crypto trading feature.

Right now, however, searching for the feature in-app leads to a page that indicates the feature no longer exists.

It currently remains unclear why the service was pulled. Representatives from Tong Huashun have yet to provide a statement.

This does come after the Beijing News called the app’s crypto tracking feature both “questionable” and “walking a thin line.”

Citing legal experts from the Bank of China, Beijing News’ report last May 17 argued that although the service may not fall under the existing scope of the Chinese government’s ban on token trading, it should be noted that the ban is not exclusive and could possibly be extended to China-based platforms that merely provide data on cryptocurrency exchange rates.

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