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China Has More Heat In Store For Bitcoin And The General Crypto Market

News Snapshot:

China is relentless in its pursuit to push digital currencies out of investors’ sight . After it sent miners packing back in May, China is reiterating that it has more heat in store for the Crypto market. A high court in China warns Cryptocurrencies are not licit In a Northern Shandong province’s high court, where a case ruling was made, the court made it clear that “Cryptocurrencies are not backed by law.” The statement came as a response to a case surrounding digital tokens. Apparently, the plaintiffs had revealed they invested over $10,000 back in 2017, for the purchase of…

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