China Bans Crypto Transactions In Further Crackdown On Industry
China has banned cryptocurrency-related transactions, calling them illegal
China Bans Crypto Transactions In Further Crackdown On Industry
The People's Bank Of China said that it endangered the safety of public assets
China Bans Crypto Transactions In Further Crackdown On Industry
Mining, exchanges and the provision of financial services have been banned. Nobody would be able utilise exchanges abroad to deal in crypto
China Bans Crypto Transactions In Further Crackdown On Industry
As a response, Bitcoin tumbled 4.5% against the dollar in a year of intense crackdowns by China on the industry
cryptocurrency mining leaves a substantial environmental footprint, and this ban is partly attributed to China's climate goals