Alexander Martin
Alexander Martin
Technology reporter: @SkyNews 📵 PRs email: aj.martin@sky.uk📱News tips welcome via Signal app: +44(0)7970376704 📚 Agent: @NorthbankTalentSource
London, England
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China announces complete ban on cryptocurrencies

China announces complete ban on cryptocurrencies

It comes amid preparations for an economic slowdown, with fears about property giant Evergrande going bust and people wanting to move their money out of China. The People's Bank of China (PBoC) has announced that all cryptocurrency-related financial activities are illegal, including transactions, providing pricing services, and launching new tokens. According to a notice published on the central bank's website, it will be illegal for Chinese residents to purchase cryptocurrencies from overseas and even be involved in marketing or technical support relating to crypto businesses. The...

Sep 24
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