Home » Business » Chinese central bank declares all crypto transactions illegal: what about bitcoin? | Money

Chinese central bank declares all crypto transactions illegal: what about bitcoin? | Money

Possession and certainly trading in crypto coins has been banned in China for some time, but according to the People’s Bank of China (PBOC), foreign companies are also not allowed to carry out crypto transactions for Chinese people. The Chinese central bank will ban financial institutions, payment processors and internet companies from trading cryptocurrencies such as bitcoin for the Chinese.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.