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Entire Crypto Market Plummets After China Introduces Huge Bans by : Hannah Smith on : 19 May 2021 15:39 PA Images Bitcoin, Ethereum and other major cryptocurrencies have suffered huge losses after China announced it would ban its financial institutions from handling cryptocurrency transactions. Three of the country’s largest financial industry organisations issued a statement yesterday, May 18, warning against speculative trading in virtual currencies like Bitcoin, saying they are ripe for manipulation and risked disrupting the economy. Advert 10 The ban means banks and online payment systems will not be allowed to provide any services that involve cryptocurrency, though...
