As such, traders are now scrambling as they try to find ways to liquidate their holdings. The People’s Bank of China has declared any and all digital currency-related activities illegal, and the country has been effectively cut off from overseas exchanges.
Estimated reading time: 0 minutes, 21 seconds
China Drops Hammer on Crypto Industry with Overarching Ban
China has essentially banned cryptocurrency transactions overnight as authorities look to close loopholes associated with its trading. So reports Al Jazeera.
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