China declares all cryptocurrency illegal China bans all crypto transactions and vows to stop illegal crypto mining, delivering the toughest blow yet to the trillion-dollar industry. Crypto-related transactions will be considered illicit financial activity, including services provided by off-shore exchanges, the People’s Bank of China said on its website. It added that cryptocurrencies, including Bitcoin and Tether, are not fiat currency and cannot be circulated.
Thats exactly what governments should do for their own interests It gives too much power to consumers who don't want their savings devalued by runaway printers. I might buy a teeny bit of it. I don't have any, now.
