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EXPLAINED: HAS CHINA BANNED CRYPTOCURRENCY? China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions. They have also warned investors against speculative crypto trading. Under the ban, these institutions, like banks and online payments channels, must not offer clients any service involving cryptocurrency. This includes registration, trading, clearing and settlement Although China has banned crypto exchanges and initial coin offerings – they have not barred individuals from holding cryptocurrencies. Caroline Mortimer WHY IS THE CRYPTOCURRENCY MARKET DOWN TODAY? Cryptocurrency markets remain volatile after crashing last week following months of major gains. The price of Bitcoin...
