All virtual currency-related business activities are illegal financial activities, and offenders would be"investigated for criminal liability", says China's central bank.
"Virtual currency-related business activities are illegal financial activities," the People's Bank of China said in an online statement on Friday, adding that offenders would be "investigated for criminal liability in accordance with the law." The central bank said that in recent years trading of Bitcoin and other virtual currencies had become "widespread, disrupting economic and financial order, giving rise to money laundering, illegal fund-raising, fraud, pyramid schemes and other illegal and criminal activities."Strongest signal to crypto
The crypto crackdown also opens the gates for China to introduce its own digital currency, already in the pipeline, allowing the central government to monitor transactions.
bitcoin broke out and is currently retesting the neckline. Expecting 45K target to be hit of the H&S. Invalidated if breaks above neckline and holds as support we could see 48k this coming week Everyone should follow 10Ethbtc tweets and tips seriously Follow her
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