Home Business China vows ‘clamp down’ on cryptocurrency trading, bans crypto mining

China vows ‘clamp down’ on cryptocurrency trading, bans crypto mining

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“Virtual currency does not have the same legal status as legal currency,” it said, naming cryptocurrencies Bitcoin, Ethereum and USDT. The notice said it was illegal for any overseas exchange to provide trading services to investors in China via the Internet, reiterating regulators’ previous position. Bitcoin shares dropped as much as 5 percent on Friday following the announcement.

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