Chinau2019s central bank said all cryptocurrency-related transactions are illegal, reinforcing the countryu2019s tough stance against digital rivals to government-issued money. In a statement posted on its website on 24 September, the Peopleu2019s Bank of China said the latest notice was to further prevent the risks surrounding crypto trading and to maintain national security and social stability. The price of bitcoin fell as much as 5% following the announcement. Naming bitcoin, ether and tether as examples, the central bank said cryptocurrencies are issued by nonmonetary authorities, use encryption technologies and exist in digital form and should not be circulated and used…