The Chinese Central Bank has ruled on all transactions involving cryptocurrencies. This announcement triggered a drop in the price of virtual currencies.
China has declared war on cryptocurrencies and has just dealt a fatal blow to their use on its territory. All financial transactions involving virtual currencies have been declared illegal. As for the offenders, they will be "the subject of an investigation for criminal liability in accordance with the law".
China has declared war on cryptocurrencies and has just dealt a fatal blow to their use on its territory. All financial transactions involving virtual currencies have been declared illegal. As for the offenders, they will be "the subject of an investigation for criminal liability in accordance with the law".