China: Central bank declares all cryptocurrency transactions ‘illegal’

 18 hrs agoBoris Johnson asked for ‘emergency’ food deal, claims Brazil’s BolsonaroWorld ‘better place’ 25 years after nuclear test-ban treatya close up of a logo: It's the latest move by Beijing to crack down on cryptocurrency trading© Provided by It’s the latest move by Beijing to crack down on cryptocurrency trading

China’s central bank has made all cryptocurrency transactions illegal in mainland China, the bank announced in a statement on Friday.

Overseas exchanges will be barred from serving mainland investors and financial institutions, payment processing firms and internet companies facilitating cryptocurrency trades will be blocked by the Chinese government.

This is a breaking news story and will be updated.

ar/rs (AFP, Reuters) AdChoices


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