Categories
Asia Pacific

China declares all crypto-currency transactions illegal | Source: BBC

China’s central bank has announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin. China is one of the world’s largest crypto-currency markets. Fluctuations there often impact the global price of crypto-currencies. The price of Bitcoin fell by more than $2,000 (£1,460) in the wake of the Chinese announcement. The Chinese crackdown has already hit the mining industry.

Source: BBC


MORE NEWS ABOUT ASIA PACIFIC:

Asia Pacific

FREE SUBSCRIPTION

Get new content delivered directly to your inbox.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s