China has declared war on cryptocurrencies, not just Bitcoin, so now all business activities related to virtual currency are illegal financial activities. This has been announced by the People’s Bank of China, justifying the decision with the phrase “seriously endangers the safety of people’s assets.” This news affects the global price of cryptocurrencies, since that is where most of the operations are carried out. It affects so much that there has been a new decline in Bitcoin after said announcement, $ 2,000 less. They want to reduce speculative and volatile investments, but they also want to reduce money laundering operations,…