Insiders Cite Mixed Implications of China’s Anti-Crypto Stance 

China’s recent declaration of all crypto transactions as illegal is going to have several mixed implications for stakeholders, some industry experts have said. In a series of interviews on financial media channel, Bloomberg, the experts touched on what they think will become of the “the most direct, most comprehensive crypto regulation involving the largest number … Read moreInsiders Cite Mixed Implications of China’s Anti-Crypto Stance 

From US Senator to Exchanges, Responses Trail China’s Crypto Condemnation

U.S. Senator for Pennsylvania, Pat Toomey, has joined in responding to China’s declaration of all crypto-related transactions in the country as illegal.  The People’s Bank of China announced on Friday that a set of new measures including the establishment of departmental coordination have been introduced to implement efforts to further prevent cryptocurrency transactions.  The announcement comes … Read moreFrom US Senator to Exchanges, Responses Trail China’s Crypto Condemnation

China’s Latest Anti-Crypto Transaction Stance Raises New Concerns for Chinese Users

China last week declared all cryptocurrency-related business transactions as illegal financial activities. Added to the Evergrande crisis, the new statement – as issued by the Chinese authorities – adversely affected the crypto market causing a sharp drop to be recorded across the board. The entire market cap dropped below the $2 tln mark and it also brought hashprice down … Read moreChina’s Latest Anti-Crypto Transaction Stance Raises New Concerns for Chinese Users