China has announced a fresh crackdown on cryptocurrencies. The People’s Bank of China is targeting transactions. It has declared them illegal as well as crypto-related businesses. Financial institutions too cannot provide services related to crypto, according to the announcement. The PBOC Against Crypto Consequently, the crypto market went tumbling down. Bitcoin is trading below $43,000,
Source and More information: China: PBOC’s Fresh Crackdown on Crypto Sends the Market Tumbling
Author: BTCManager.com
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