Posted on 09/25/2021 7:39:05 AM PDT by Scarlett156
China’s central bank said all cryptocurrency-related transactions are illegal, reinforcing the country’s tough stance against digital rivals to government-issued money.
In a statement posted on its website on Friday afternoon, the People’s Bank of China said the latest notice was to further prevent the risks surrounding crypto trading and to maintain national security and social stability.
Cryptocurrencies weakened following the statement.
(Excerpt) Read more at wsj.com ...
Read later.
“Bitcoin is currently 42k.”
Back to 43,438.70 now
With a non-custodial crypto wallet, there’s no one to go to. No one can log in except you.
—”No one can log in except you.”
How is that working out for the Chinese BTC holders?
We are only one step behind them.
For the ones that are leaving China, pretty well. Bitcoin will probably hit a record high next week.
To the ones left in China, the lack of cryptocurrency use is the least of their problems.
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