China Ban Cryptocurrency Trading at Breaking News

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China Ban Cryptocurrency Trading, The ban follows the global bitcoin bull run which revived cryptocurrency trading in china. The recent regulations of china on cryptocurrency. That announcement caused bitcoin to drop 9% versus the u.s.

Top Cryptocurrencies Fall After China Ban
Top Cryptocurrencies Fall After China Ban from www.btimesonline.com

With a total crypto ban in china, chinese traders have found ways to circumvent the government’s ban on cryptocurrency trading and initial coin offerings (icos) by using tether (usdt) and virtual private networks (vpns). In 2019, the people’s bank announced it would target illegal practices involving cryptocurrencies. The ban follows the global bitcoin bull run which revived cryptocurrency trading in china.

Top Cryptocurrencies Fall After China Ban from Nice Breaking News

On wednesday, the cyrpto market tumbled after china banned financial and payment institutions from providing cryptocurrency services. For ethereum, it was the. 24 2021, published 10:48 a.m. Bitcoin, the most popular cryptocurrency, had already dropped low this week after tesla ceo, elon musk tweeted that tesla will not be accepting bitcoins as a form of payment. That reflects the harsh stance the country has taken on crypto trading.