A position of People's Bank of China reported this Friday (September 24, 2021) that all transactions involving cryptocurrencies, such as bitcoin ou tether, are banned in the country. Since cryptocurrencies in China have become illegal, it can be considered that there is a setback to current payment methods. 4ztz
At People's Bank of China there is information that, for the “security of its population”, as of today, cryptocurrency transactions in China are prohibited. There you can still see an announcement that foreign service providers, who work with cryptocurrencies, are banned from the country.
The institution also claims that the circulation of cryptocurrencies in general causes a “disturbance” in the country’s financial and economic order, and goes on to say that many corruption scenarios are susceptible with cryptocurrencies, such as money laundering, pyramid schemes, illegal collection. funds, as well as other criminal activities involving money.
Resolutely crack down on virtual currency speculation, related financial activities and misbehavior in order to safeguard people's properties and maintain economic, financial and social order
People's Bank of China in its manifesto
Since the moment of this position, the value of bitcoin has dropped by almost 6%, which ended up making shareholders and investors very concerned. Despite efforts to have internal cryptocurrency activities banned since 2019, there was still nothing specific about international transactions, and it is now definitely illegal. ing that cryptocurrency mining in China is the largest in the world.
See also: 1ur5x
Unlike China, El Salvador is the first country in the world to accept the bitcoin as legal tender — be sure to check it out!
Pig iron: TechCrunch.
