China has declared all cryptocurrency transactions ‘illegal’!


Source: somagnews.com somagnews.com

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In its latest statement, the People’s Bank of China announced that all transactions related to cryptocurrencies are illegal and should be banned. A new phase has been entered in the animosity between cryptocurrencies and the Chinese state. The People’s Bank of China has declared all transactions involving cryptocurrencies illegal. In addition, necessary steps have been taken to ban crypto currency transactions. The People’s Bank of China has declared war on cryptocurrencies In a statement made by Yin Youping, Deputy Director of the Financial Consumer Rights Protection Bureau in August, it was announced that all cryptocurrencies, especially Bitcoin, do not have...