News Snapshot:
The central bank of China reiterated its stance on cryptocurrencies on Friday, releasing a note that it banned cryptocurrency transactions and made it illegal for foreign exchanges to serve Chinese people. “Cryptocurrency-related business activities are illegal financial activities,” said the People’s Bank of China. Said in the notification Posted on that website on Friday afternoon. They accused cryptocurrencies of “disrupting economic and financial order” and promoting “illegal and criminal activity” such as gambling, fraud, prayers, money laundering and theft. Also: [Bitcoin and 11 or more cryptocurrencies you need to know](//www.zdnet.com/article/cryptocurrencies-you-need-to-know/) The notice explicitly names Bitcoin, Ethereum and TEDA and states...
