News Snapshot:
- China declared that cryptocurrency-related businesses are illegal - , Ether, and stablecoin Tether do not qualify as legal tender in China - BTC drops in price as the announcement went out Once again, China reiterated its antagonistic stance on Bitcoin and the cryptocurrency industry as a whole. In an announcement, the People’s Bank of China (PBOC) mentioned that BTC, ETH, and USDT are not legal tenders in China. The central bank stated that they could not be used in the cryptocurrency market. All crypto-related business were also deemed illegal by the central bank. The central bank also deemed all...
