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Home Community Insights China Banning Financial Institutions from Dealing with Cryptocurrency Further Compounds Bitcoin Woes China Banning Financial Institutions from Dealing with Cryptocurrency Further Compounds Bitcoin Woes May 18, 2021 | by Samuel Nwite | 0 China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading. The decision further compounds the dwindling of the $2 trillion cryptocurrency market. The value of the cryptocurrency market has slid by more than 23% in just the last five days, triggered by a sell-off in bitcoin most recently catalyzed by comments made...
