News Snapshot:
The People’s Bank of China reposted a memo from September 15th that addresses the country’s Bitcoin ban to their website, causing widespread Bitcoin selling and a Friday morning price dip. The People’s Bank of China (PBOC) reposted a memo from September 15th that addresses the country’s Bitcoin ban to their website, causing widespread Bitcoin selling and a Friday morning price dip. The memo outlines a nation-wide crackdown on Bitcoin and other cryptocurrencies out of concern over them “disrupting economic and financial order, breeding illegal and criminal activities such as gambling, illegal fund-raising, fraud, pyramid schemes, and money laundering, seriously endangering...
