5 Causes Why Bitcoin Stays Under $50,000 — CoinDesk

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On Sept. 24, the Individuals’s Financial institution of China (PBoC) issued a brand new assertion concerning the illegality of cryptocurrency transactions and mining, including that now crypto-to-crypto, in addition to crypto-to-fiat transactions, are banned. This implies nearly all crypto trading-related actions are prohibited within the nation for the primary time ever, together with shopping for, promoting or buying and selling digital currencies like bitcoin, ether and tether.

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