China Declares All Cryptocurrency Transactions Illegal
China has the world’s largest cryptocurrency market. However, the country officially banned trading in 2019, as it was suspicious of bitcoin. Transactions Done via Cryptocurrencies are now Illegal in China On Friday, the Bank of China issued a notice and said bitcoin, ethereum, and other digital currencies interrupted the financial system that was used in money-laundering. The bank said, As soon as the announcement was made, the price of bitcoin fell more than 8% immediately and dropped to $41,000....