Bitcoin plummets after China intensifies cryptocurrency crackdown
CNN
China is intensifying its crackdown on cryptocurrencies.
Chinese government agencies including the country's securities regulator and the People's Bank of China (PBOC) 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.
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