China’s central bank declares all transactions of cryptocurrencies illegal, effectively banning digital tokens such as Bitcoin, Doge, or Ethereum.
China itself is working on a digital variant of its currency, the Yuan – and is now declaring crypto war on everyone else.
The People’s Bank of China, issued the following notice today:
“Virtual currency transactions, token issuance financing, and virtual currency derivative transactions are all illegal financial activities and are strictly prohibited. Resolutely banned in accordance with the law”.
The statement from today however more or less
re-iterates what China’s central bank has previously declared in 2017 already.
Published on September 15th ... Read even more
