China reiterates its stance against cryptocurrencies and the price of Bitcoin falls 7%


Source: cvbj.biz cvbj.biz

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The National Development and Reform Commission of China (NDRC), which is the main economic planning institution in the Asian country. He has declared that cryptocurrencies are not issued “by monetary authorities” and therefore “are not real,” the institution told various Chinese state media. After this event, there was a 7% drop in the price of Bitcoin. Also other cryptocurrencies such as Ethereum and Binance Coin have lowered their price in the last 24 hours. The price of Bitcoin is located at $ 60,520.40 at the time of writing. Source: CoinMarketCap The NDRC has also strongly criticized “high energy consumption” by...