News Snapshot:
China’s central bank has declared all cryptocurrency transactions illegal. This happened on Friday with a message on the website of the financial institution, which says that all foreign crypto exchanges are prohibited from providing services to investors in the country. The Chinese government “will resolutely curb speculation on virtual currency and related financial activities and misconduct to protect people’s property and maintain economic, financial and social order,” the China National Bank said in a statement. This is another move by the Chinese authorities in their ongoing struggle to push cryptocurrencies out of the country and limit their influence. With this...
