The People's Bank of China has declared all activities related to cryptocurrencies illegal, noting, among other things, that it is committed to fighting everything happening in the market.
"Financial institutions and non-bank payment institutions cannot offer services and activities related to digital currencies," the People's Bank of China said.
Today, Bitcoin fell almost 5% after announcing that the People's Bank of China will suppress cryptocurrency trading by banning foreign stock exchanges from providing services to domestic investors.
The declining trend for Ethereum as well, which is falling by 7.55%.
This article is for informational purposes only and does not replace specialized consulting services with professional experts.
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