How Will China Banning Cryptocurrency Influence the Future of Bitcoin


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Bitcoin Ethereum News Bitcoin fell 20% in the last six days when investors became more anxious and skeptical of the future of bitcoin in the face of China’s continuing clampdown on cryptocurrency. Bitcoin fell as low as $29,000 on June 22 when the news came that China’s six major banks and Alipay are banned from accepting cryptocurrencies or using them as a means of payment and settlement. Banks will suspend accounts having conducted business relating to cryptocurrencies. In addition, according to a previous ban issued in May, banks and payment companies should enhance the monitoring of money flows involved in...