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Old China ban FUD resurfaces, Bitcoin and other crypto transactions to be illegal – The Daily Sats

Old China ban FUD resurfaces, Bitcoin and other crypto transactions to be illegal – The Daily Sats



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  1. tldr; China has ordered a fresh crackdown on crypto mining and trading on September 24. Trading cryptocurrency, token issuance, and derivatives for virtual currencies are strictly prohibited. Chinese citizens will not be able to transfer digital currency inside or outside the country. The central bank further revealed its plan to “build a multi-dimensional, multi-level risk prevention and disposal system”

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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