Bitcoin Drops $2K as China Declares Cryptocurrency-Related Business Illegal

China strengthened its anti-crypto stance on Friday, torpedoing bitcoin’s two-day winning run. The People’s Bank of China (PBOC) said bitcoin, ether, and stablecoin tether do not qualify as legal tender and cannot be used in the currency market. The central bank declared all virtual currency-related activities illegal, including derivative transactions and overseas virtual currency exchanges … Read moreBitcoin Drops $2K as China Declares Cryptocurrency-Related Business Illegal