The Digital Source For China's Tech Innovation Since 2000

Search
Close

China reiterates that cryptocurrencies are banned • The Register

September 25, 2021
Source: theregister.com theregister.com
News Snapshot:
China has once again banned cryptocurrencies. It's not even the first time this month Beijing's done so, let alone the first time ever, yet word of the reiterated crackdown sent coin prices tumbling, which may have been the ultimate goal. Bitcoin fell by 5.5 per cent, Ethererum by 7.4 per cent, and Dogecoin by 14.9 per cent, for instance, after this latest announcement and have since rebounded somewhat. "Virtual currency-related business activities are illegal financial activities," the People's Bank of China translated stated today, reiterating what it earlier asserted on September 15. "Carrying out legal currency and virtual currency exchange...
Go To Original Source →
Tags: advertising | Africa | Australia | bank | Bank of China | Beijing | bitcoin | blockchain | Business | China | crypto | currency | Dogecoin | Economy | finance | fintech | fraud | gambling | insurance | investment | Malaysia | Singapore | South Africa | State Council | technology

Other Related News:

ClariVest Asset Management LLC Sells 50,100 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

May 25, 2022

Hacked files reveal Chinese “shoot-to-kill” policy in Uighur detention camps –

May 25, 2022

Bitcoin production roars back in China

May 25, 2022

Apple Is Seeing Strong China Demand for iPhones, Analyst Survey Finds – Barron's

May 25, 2022

Adaptive Computing and eASPNet Taiwan Inc. Sign Partnership Agreement Electric Power News Today EIN Presswire

May 25, 2022

Cannes 2022: how Korean star Lee Jung-jae of Squid Game fame made his film directing debut with 1980s-set espionage thriller Hunt

May 25, 2022

Eventide Asset Management LLC Reduces Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

May 25, 2022

From Tokyo, a strong message to Beijing

May 25, 2022

EUROPE Warning Of CRYPTO MARKET CRASH!! (China Fights For MOST Powerful Country!)

May 25, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....