News Snapshot:
The People's Bank of China (Central Bank) has declared all financial transactions with cryptocurrencies illegal, according to DW. It is reported that Beijing will consider any transactions with such currencies "illegal financial activity", and the suspects will face criminal prosecution. The ban also included the sale of digital assets and operations with crypto derivatives. The Central Bank of China claims that in recent years, trading in bitcoin and other cryptocurrencies "undermined the economic and financial order" in the PRC and "contributed to money laundering, illegal capital raising, fraud and other criminal activities." Such operations threaten the safety of citizens' property....
