News Snapshot:
China’s central government has banned all cryptocurrency transactions and vowed to stop all of its country’s cryptocurrency transactions, including crypto mining which has hammered the trillion-dollar industry. Cryptocurrency-related transactions will be considered illegal, including services provided by out-of-country cryptocurrency exchanges, the Bank of China posted on its website on Friday. It stated that cryptocurrencies, including Bitcoin, are not legal currency and cannot be traded or circulated within China. This is the harshest step yet the central government has taken against cryptocurrencies, it also strikes at the heart of the crypto market that has boomed all year. The crypto market also...
