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IPFS News Link • Cyberspace and the New Economy

China Declares All Virtual Currency Transactions "Illegal", Sending Crypto Prices Tumbling

• by Tyler Durden

In a statement 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.

Curiously, the statement is dated September 15, but only hit the central bank's website at 5pm on Friday.