Search Results for: illegal

Ukrainian police have uncovered an illegal mining farm in the city of Kryvyi Rih. The farm was operated by a 32-year-old citizen in an ordinary flat. The operator is currently under arrest while the amount of damage is being investigated.

Beijing has announced all activity relating to digital coins is now “illegal”, intensifying recent restrictions on cryptocurrencies The move could further perturb investors amid a crackdown on finance and tech companies in China Crypto bulls often say bitcoin is heading “to the moon”. Now they can’t even send it to China legally.  In a potentially […]

BEIJING (AP) — China’s central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money. Friday’s notice complained Bitcoin, Ethereum and other digital currencies disrupt the financial system and are used in money-laundering and other crimes.  . . . Source

China’s central bank has announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin, reports BBC. “Virtual currency-related business activities are illegal financial activities,” the People’s Bank of China said, warning it “seriously endangers the safety of people’s assets”. China is one of the world’s largest crypto-currency markets. Fluctuations there […]

<!– Bitcoin was sent down over 5% within minutes, along with all other crypt currencies as China took an even further stance against the market on Friday. Bitcoin closed under $43,000 and left traders wondering what the long term effect would be. The People’s Bank of China went as far as to say that services […]

Many Indian investors have gone mad to withdraw their cypto currencies and others who took shelter under Bitcoin and Ethereum as the asset class crumpled on Friday and Saturday after the Chinese central bank declared all cryptocurrencies illegal. Should India have its own official cryptocurrency? That is the big question.   Transaction volumes spiked approximately […]

China’s central bank has announced that all transactions using cryptocurrencies are illegal and have increased crackdown efforts on illegal mining of the currencies in China. Chinese banks have been prohibited from handling cryptocurrencies for nearly a decade, but traders have continued to buy and sell cryptocurrencies surreptitiously for years. China has also previously been considered […]

The post Dogecoin price analysis: DOGE plummets as China central bank deems crypto transactions illegal appeared on BitcoinEthereumNews.com. TL;DR Breakdown China reportedly places a ban on crypto services and transactions in the country, plummeting the cryptocurrency market Dogecoin loses over 8 percent in price on intra-day trade following…

Mumbai: Several Indian investors rushed to square off their positions in smaller cryptocurrencies while others took refuge in safer names like Bitcoin and Ethereum as the asset class tumbled on Friday and Saturday after the Chinese central bank declared all cryptocurrencies illegal. Transaction volumes surged nearly 50% at top Indian exchanges in the past two […]

Copyright 2021 NPR. To see more, visit https://www.npr.org. SCOTT SIMON, HOST: China is banning cryptocurrency transactions. And as NPR’s David Gura reports, it’s sending shockwaves through a sector valued at $2 trillion that’s been largely free from government interference. DAVID GURA, BYLINE: Part of cryptocurrency’s popularity worldwide stems from the fact that the digital asset […]