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China's central bank declares all cryptocurrency-related transactions to be illegal


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WWW.BBC.COM

Trading Bitcoin and other crypto-currenices is a criminal activity, China's central bank says.
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China's central bank has announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin.

 

"Virtual currency-related business activities are illegal financial activities," the People's Bank of China said, warning it "seriously endangers the safety of people's assets".

 

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