A terse post on the People’s Bank of China’s blog on Friday morning made it clear that crypto-related transactions are 100% illegal & will not be tolerated.
Chinese government declares all cryptocurrency transactions illegal – ZDNet
China’s central bank reiterated its stance on cryptocurrency on Friday, releasing a memo that banned cryptocurrency transactions and made it illegal for overseas exchanges to provide services to people in China. “Virtual currency-related business activities are illegal financial activities,” the People’s Bank of China said in a notice posted to its website on Friday afternoon. .
Link: Chinese government declares all cryptocurrency transactions illegal
via www.zdnet.com
