News Snapshot:
China declares crypto transactions illegal, prohibits banks and fintechs from dealing The Central Bank of China has declared all crypto transactions in the country as illegal. This was revealed in an order issued on Friday. China’s apex bank has also banned banks, payment companies and fintechs operating in the country from transacting in cryptocurrency. This latest crackdown is the latest in a series of onslaught by the highly conservative country against cryptocurrencies. The country also banned international crypto exchanges from providing their services to investors in the country effectively banning their operations in the country. To ensure compliance, the central...
