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China’s central bank bans cryptocurrency transactions to avoid ‘risks’

China’s central bank on Friday said cryptocurrency transactions in the country are illegal, banning all transactions. It said cryptocurrencies like bitcoin and Ethereum are not legal tender and can’t be circulated. Its the countrys latest crackdown on digital currencies
Illustration by Alex Castro / The Verge
The Peoples Bank of China, the countrys central bank, said Friday that cryptocurrency transactions ar… [+1461 chars]

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