News Snapshot:
Over the last two hours from press time, the crypto market has collectively lost a staggering $150 billion with a sharp 5% drop. This comes amid China’s intensified crackdown on digital assets and declaring crypto transactions as illegal. On Friday afternoon, September 24, the People’s Bank of China (PBoC) said that the latest decision was to further prevent the risks associated with crypto trading. It further talked about taking care of national security and social stability. In a Q&A posted on its website, the Chinese central bank said that all crypto-related activities like order matching, trading services, token issuance, and...
