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China Declares All Virtual Currency Transactions “Illegal”, Sending Cryptocurrency Prices Tumbling

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Posted on 09/24/2021 9:25:15 AM PDT by [SeekAndFind](/~seekandfind/)

China expanded its escalating crackdown on cryptocurrencies on Friday when its central bank declared that all activities related to digital coins are “illegal” and must be banned.

In a statement the People’s Bank of China said the latest notice was to further prevent the risks surrounding crypto trading and to maintain national security and social stability.…

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