China Bans Bitcoin Again

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dastino9
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Chinese regulators have tightened restrictions that ban financial institutions and payment companies from providing services related to cryptocurrencies. Compared with a previous ban issued in 2017, the new ban, which was posted by the People's Bank of China (PBOC), also covers services that were not previously mentioned. The impact of this means it may be more difficult for individuals to buy cryptocurrencies using various payment channels, and could impact miners' business by making it harder for them to exchange cryptocurrencies for yuan.

#Bitcoin #China #Crypto
~China Bans Bitcoin Again~
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