Chinese government agencies including the country's securities regulator and the People's Bank of China said in a statement on Friday that all cryptocurrency-related business activities are illegal and vowed to clamp down on illicit activities involving digital currencies.The agencies said that overseas crypto exchanges would be blocked from providing services to Chinese residents through the internet. Bitcoin fell about 5% on the news.
Bitcoin for beginners: Here's what to know before you invest in cryptoIn May, Chinese Vice Premier Liu He told a group of finance officials that the government would"clamp down on bitcoin mining and trading activity" as part of its goal to achieve financial stability.
Principal population density Dependency ratio Consumption camp. Pol du governement cadre admin. Active pol §
We whales sent the bitcoin price down we wait for stupid news like this so we can push it down and buy up more. I own 22,000 btc paid $9 bucks a coin in 2010 when you people made fun of us, now who's laughing? You really think I care how low it goes? I do not.
Remember whatever sucks in your life today… there is alway year 2020. Doesn’t get any worse than that. 💁🏽♀️
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As India has already done. This affects about a quarter of the world's population. What is the rationale for two very different and large countries to be doing this? What countries will follow suit?
Oh so China is killing something other than people now.
Its bouncing back... It was a 24 hr drag.
We don’t need china to accept Cryptos, Folks! Keep buying
Man I just bought 0.000001 BTC last night!
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FOLKIDEX JUST LAUNCHED ON PANCAKESWAP Bsc contract: 0x39409a5b19470de90a73a89fbbe4f9987dd84952 Only 150,000 Supply! 🔥🔥🔥
Sell them all, price plunges so I can buy some
Let's call it Chinese Roulette! Who wins?
I'm still gonna flip and get on that slip and dip. Stay BULLISH💲
Because they want everyone to use the digital yuan
Good, the only thing I agree with the Chinese, bitcoin is a con
US & EU need to follow suit and ban crypto forever.
BASED
Government coin coming
Anyone considering the prohibition effect of this. It’s purpose is quite literally to circumvent government crackdown and this could actually be a catalyst for something more
It always made me wonder why anyone touched this ...
Tumbling back to where? 4 days ago. Calm down.
And just like that, China now rules the world!
Lotsa bots replying. Saying this is a nothingburger and yet the price is tumbling? Why dat?
How many times this year has this been announced.. 7?
CNN needs to be investigated by the FBI and CFTC for paid market manipulation. Same lame ass story being shilled at critical market times over the past 4-10 years. Absolute insanity how no one is in prison for the obvious.
China will eventually roll out their own digital yuan. Only a matter of time before other countries follow suit. Sell the mining equipment before it’s worth bupkis.
Just an excuse to continue printing more money. As US does.
Breaking !! China Destroy Taiwan 👉
They have to stop the flood of evergrande money from pouring out of that business and into crypto where the government can’t touch it.
They’ve banned crypto like 10 times already
BREAKING!!! China banned crypto... again.
Hoam
Malicious attacks, lying, slander, insults and spreading rumors about China are important daily tasks of Sky News.
Anyone who invests in crypto deserves this. I’m glad China is standing up to those creeps!
This is the most misleading title caption... CNN do better
Every country should do the same.
This will be the beginning of the end to Crytpo trading.
Good for China. They just did a lot to protect the US dollar.
This one they got right. Crypto has ZERO value if you try to use it as collateral.
Bitcoin is fake anyways
They are right on this one. IMO
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