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The People’s Bank of China Crypto Crackdown Continues September 24, 2021 Key Takeaways The People’s Bank of China has declared that almost all virtual currency-related activities are now illegal. PBOC and Chinese authorities have issued harsher penalties and stricter surveillance for crypto trading and mining. Possession of cryptocurrencies appears to be the only crypto-related activity not yet declared illegal. Share this article The People’s Bank of China has released a notice declaring that the exchange of virtual currencies is now strictly prohibited in the country. Chinese authorities have also introduced stricter surveillance for crypto mining activities. China Bans Crypto Again...
