On Sept. 24, the People’s Bank of China (PBoC) issued a new statement regarding the illegality of cryptocurrency transactions and mining, adding that now crypto-to-crypto, as well as crypto-to-fiat transactions, are banned. This means virtually all crypto trading-related activities are prohibited in the country for the first time ever, including buying, selling or trading virtual currencies like bitcoin, ether and tether.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by...
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