-
What's new in China's crackdown on crypto?
China's most powerful regulators have intensified the country's crackdown on cryptocurrencies with a blanket ban on all crypto transactions and crypto mining. The move sent bitcoin and other major coins lower, as well as pressurising crypto and blockchain-related stocks.Ten Chinese agencies, including the central bank and banking, securities and foreign exchange regulators, have vowed to work together to root out "illegal" cryptocurrency activity. While China has been putting in place increasingly stricter rules on virtual currencies, it has now made all activities related to them illegal and sent a signal of intent ... (full story)
