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Chinese authorities say cryptocurrency-related businesses illegal, urge exit of cryptocurrency mining Global Times By Global Times Published: Sep 24, 2021 05:39 PM The Chinese authorities said on Friday that all cryptocurrency-related businesses are illegal and they urge the exit of cryptocurrency mining projects, as the country doubles down efforts on virtual currency regulation to fend off financial risks and facilitate improvement of the industrial structure for reaching carbon peak and neutrality goals. Virtual currencies have no legal tender status, the People's Bank of China (PBC), the country's central bank, said in a notice on Friday. Bitcoin and other cryptocurrencies like...
