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China Is Cracking Down on Crypto Again — Here's What That Actually Means, and How It Affects U.S. Crypto Investors

September 25, 2021
Source: newsbreak.com newsbreak.com
News Snapshot:
The cryptocurrency market took a hit on Friday after the People's Bank of China confirmed its continued crackdown in the space. According to a Q&A on its website, the PBOC said that all crypto-related activities are illegal in China, including services like offering trading of digital assets, order matching, token issuance and derivatives. In addition, overseas crypto exchanges providing services in mainland China are also illegal, the PBOC said.
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Tags: bank | Bank of China | bitcoin | blockchain | China | crackdown | crypto | cryptocurrency | currency | digital | fintech | HERE | illegal | IT | overseas | PBOC | People's Bank of China | U.S. | website

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