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China reiterates nationwide cryptocurrency prohibition

News Snapshot:

The central bank for China has reportedly issued an official statement in order to remind citizens that it remains illegal to conduct transactions using a digital currency or engage in any form of cryptocurrency trading or mining. According to a report from Inside Asian Gaming, the People’s Bank of China issued the reminder via its corporate website on Friday while simultaneously calling for the immediate closure of all online cryptocurrency exchanges. The source detailed that the state-run institution also asked financial institutions around the world to monitor and report any business or person suspected of dealing in digital currencies. Enduring…

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