China’s latest crypto crackdown is its toughest yet

Essa123

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China, the crypto market has been under constant threat, but it’s never fully been shut down. That may be about to change.

China’s regulators clarified on Friday (Sept. 24) that cryptocurrency transactions and mining are illegal, the country’s strongest stance against the non-government-issued currencies to date. In a statement, the People’s Bank of China (PBOC) said the rules are necessary to “maintain national security and social stability.”
 
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