Promoted | China banned cryptocurrencies again, but this time the markets hardly noticed. What does this mean for the strength of crypto, and has China just made big mistake?
Bitcoin fell below $30 000 for the first time in nearly five months as China’s latest crackdown on cryptocurrencies weighed.
China’s central bank said on Monday it had urged some banks and payment firms to crack down harder on cryptocurrency trading, in the latest move by Chinese authorities to stem the use of digital coins.
The People’s Bank of China is “close” to issuing its own cryptocurrency, according to a senior official.