China's top regulators ban crypto trading and mining, sending bitcoin tumbling
India Today
China's most powerful regulators banned all crypto transactions and mining, hitting bitcoin and other major coins and pressuring crypto and blockchain-related stocks.
China's most powerful regulators on Friday intensified a crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining, hitting bitcoin and other major coins and pressuring crypto and blockchain-related stocks.
Ten agencies, including the central bank, financial, securities and foreign exchange regulators, vowed to work together to root out "illegal" cryptocurrency activity, the first time the Beijing-based regulators have joined forces to explicitly ban all cryptocurrency-related activity.
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