China’s Central Bank Says All Cryptocurrency-related Activities Are Illegal, Vows Harsh Crackdown

September 24, 2021 ⚊ 1 Min read ⚊ Views 236 ⚊ TECH

China’s central bank renewed its tough talk on bitcoin Friday, calling all digital currency activities illegal and vowing to crack down on the market.

In a Q&A posted to its website, the People’s Bank of China said services offering trading, order matching, token issuance and derivatives for virtual currencies are strictly prohibited.

Read details: https://www.cnbc.com/2021/09/24/china-central-bank-vows-harsh-crackdown-on-cryptocurrency-industry.html

Tags: China central bank

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