News Snapshot:
China rules all crypto transactions illegal, causing value of Bitcoin to fall - The notice bans all related financial activities involving cryptocurrencies - Bitcoin sank by as much as 8.9 per cent to $41,019 in European afternoon trading - China said crypto had given rise to laundering, fraud and pyramid schemes China’s central bank has said all financial transactions involving cryptocurrencies are illegal, sounding the death knell for the digital trade in China after a crackdown on the volatile currencies. The global values of cryptocurrencies including Bitcoin have massively fluctuated over the past year partly due to Chinese regulations, which...
