Bitcoin tumbles to lowest level since February after Chinese crackdown


Source: thisismoney.co.uk thisismoney.co.uk

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How to choose the best (and cheapest) DIY investing platform and stocks and shares Isa The People's Bank of China's said financial and payment institutions should not accept cryptocurrencies as payment or offer services and products related to them. Three state-backed organisations – the National Internet Finance Association of China, the China Banking Association and the Payment and Clearing Association of China – also issued a warning. They said consumers would have no protection if they lost from cryptocurrency investment transactions, adding that the virtual currency 'is not a real currency'. And they warned that recent wild swings in prices...