China Bans Cryptocurrency and Bitcoin Transactions

information-media.com - China Bans Cryptocurrency and Bitcoin Transactions. Hello friends, how are you today? I hope you are always healthy. Come back with us where we will discuss various interesting information from other areas. On this occasion, we will discuss the world of cryptocurrencies in the superpower, namely China. Government officials in China, led by Xi Jinping, have vowed to crack down on illegal mining of cryptocurrencies. China's central bank has also said that crypto transactions are illegal. Crypto-related transactions will be considered prohibited financial activities, including services provided by foreign exchanges. The PBoC also stated that cryptocurrencies, including bitcoin…