China bans crypto currencies

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According to the joint statement findings informed the decision to been announced:.

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Why I'm Loading Up MASSIVELY on These Cryptocurrencies Before April - Raoul Pal
In China famously banned initial coin offerings, or ICOs. China also made clear that virtual currency exchanges were no longer welcome. Then it banned all domestic crypto mining in June, and finally outlawed cryptocurrencies outright in September. The world's second-largest. �Crypto transactions and crypto services of all kind are banned in China. No room for discussion. No gray area,� Henri Arslanian, at the time.

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calendar_month 22.06.2021

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Legal currency and virtual currency exchanges, buying or selling virtual currencies including overseas sales to Chinese residents , and providing information including pricing services and technical support for virtual currency are illegal currently. In some cases, people continued to use accounts that they had opened on overseas exchanges. Part III explains the reasons why the two countries take drastically different approaches in regulating cryptocurrency. Internet companies and websites are also banned from providing payment services in cryptocurrencies.