Browsing: crypto ban

China’s central bank has declared all cryptocurrency-related activities illegal, including trading, token issuance, and derivatives. The crackdown extends to overseas exchanges serving Chinese users, causing Bitcoin and Ethereum prices to tumble.

Bitcoin faces a global crackdown as China, South Korea, and India tighten regulations. With bans, restrictions, and price crashes, is cryptocurrency on the brink of collapse?

China’s ban on ICOs has sent shockwaves through the crypto world. While aimed at preventing fraud, it may push fintech startups to seek new global opportunities.