China tells its banks not to accept cryptocurrencies

News Snapshot:

June 22, 2021, 8:30 am 06/22/2021 at 10:26 AM CEST SPORT.es China has expanded its limitations against cryptocurrencies, urging banks and payment platforms to stop supporting digital currency transactions.That follows an order on Friday to shutting down Bitcoin mining operations in Sichuan province. The price of Bitcoin plunged more than 10% on Monday, but leveled off in Asian trading on Tuesday. The value of the cryptocurrency has fallen by around 50% since it hit a record high of over $ 63,000 in April . On Monday, China’s central bank, the People’s Bank of China (PBOC), stated that it had recently...