China declares transactions involving cryptocurrencies illegal

Country steps up its campaign to block use of unofficial digital money

China’s central bank has declared illegal all transactions involving bitcoin and other virtual currencies, stepping up a campaign to block use of unofficial digital money.

The price of bitcoin fell more than 8% immediately after the announcement, dropping to just over $41,000 (£30,000).

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Country steps up its campaign to block use of unofficial digital money
China’s central bank has declared illegal all transactions involving bitcoin and other virtual currencies, stepping up a campaign to block use of unofficial digital money.
The price of bitcoin fell more than 8% immediately after the announcement, dropping to just over $41,000 (£30,000). Continue reading…Technology | The Guardian

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