News Snapshot:
China’s central bank has declared all cryptocurrency transactions illegal, even banning digital tokens like Bitcoin. These and other coins are not paper money and therefore cannot be distributed in the market. As a result, the price of Bitcoin fell sharply this morning. This morning the People's Bank of China left a message on its website stating that all cryptocurrencies, including Bitcoin and Tether, are not fiat currencies and cannot be distributed in the market. According to the entity, these currencies seriously jeopardize the security of people's assets. a Reuters He writes that the PBOC - the People's Bank of China...
