China Declares All Virtual Currency Transactions “Illegal”, Sending Cryptocurrency Prices Tumbling


Source: freerepublic.com freerepublic.com

Key Topics in this News Article:

News Snapshot:

[Skip to comments.](#comment) Posted on 09/24/2021 9:25:15 AM PDT by [SeekAndFind](/~seekandfind/) China expanded its escalating crackdown on cryptocurrencies on Friday when its central bank declared that all activities related to digital coins are “illegal” and must be banned. In a statement the People’s Bank of China said the latest notice was to further prevent the risks surrounding crypto trading and to maintain national security and social stability. Curiously, the statement is dated September 15, but only hit the central bank's website at 5pm on Friday. PBOC’s announcement about ban crypto got widespread today is was ANNOUNCED ON SEPTEMBER 15TH, but...