Cryptocurrency

China intensifies crackdown on crypto trading; Bitcoin, ether, dogecoin fall

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muhammadyusufz

Nigeria


  • 25th, September 2021 (2 months ago)
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Bitcoin price slipped in trade from highs seen in early Friday after China's central bank said it would crack down on cryptocurrency trading, banning overseas exchanges from providing services to mainland investors. The world's largest cryptocurrency by market capitalization slipped around 5% at $42,810. 

 

The People's Bank of China also said it will bar financial institutions, payment companies and Internet firms from facilitating cryptocurrency trading, and will strengthen monitoring of risks from such activities, as reported by Reut


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