News Snapshot:
FAST FIVE: China Declares All Virtual Currency Transactions "Illegal", Sending Crypto Prices Tumbling The market already reacted on those regulatory fud.https://t.co/BPlVQEMVMt pic.twitter.com/e0U7gbEHnY – Molly (@bigmagicdao) September 24, 2021 Incidentally, the news was already priced in once, with rumors of PBOC crackdown sending the price of bitcoin lower in mid-September when Bitcoin traded just below $50,000. Financial regulators in the country have also gotten tougher on banks and payment companies and in June ordered them to take a more active role in weeding out crypto-related transactions. Vijay Ayyar, head of Asia Pacific with cryptocurrency exchange Luno in Singapore, said that while...
