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China bans all crypto currency | Activities considered illegal cover a range of operations, such as buying and selling virtual assets as a central counterparty, and providing intermediary or pricing services for crypto transactions. Learn more about Consensus , CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. It is the only developing nation to have released a national rollout of its CBDC. You can opt-out at any time. Also, the PBoC noted that bitcoin was a potential outlet for laundering cash. Shalini Nagarajan. |
China bans all crypto currency | 752 |
China bans all crypto currency | 280 |
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But in China, what is wary of crypto.
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The TRUTH! Why China BANNED CryptoChina's central bank has announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin. The PBOC says China's cryptocurrency ban is to curtail financial crime and prevent economic instability, but are concerns about capital. Cryptocurrency trading is subject to strict government-imposed restrictions in China since September , when trading platforms were shut down.