News Snapshot:
(SBS): China 's central bank has declared all transactions involving Bitcoin and other virtual currencies illegal , stepping up a campaign to block use of unofficial digital money. Chinese banks were banned from handling cryptocurrencies in 2013, but the government issued a reminder this year. That reflected official concern cryptocurrency mining and trading might still be going on or the state-run financial system might be indirectly exposed to risks. Friday's notice said Bitcoin , Ethereum and other digital currencies disrupted the financial system and are used in money-laundering and other crimes. "Virtual currency derivative transactions are all illegal financial activities...
