Скачать или смотреть LIVE Reaction to CHINA 🇨🇳 Illegal CRYPTO Mining BAN

09-24-2021, FRI, - Bitcoin, the world’s largest cryptocurrency, dropped as much as 7 percent, to around $41,100, after the notice was posted by China’s central bank.

China intensified its crackdown on cryptocurrency on Friday, declaring all financial transactions involving cryptocurrencies illegal and issuing a nationwide ban on cryptocurrency mining, the power-hungry process in which computer networks compete to solve calculations in return for newly created crypto tokens.

In a joint statement by 11 Chinese government entities, authorities vowed to work closely to punish “illegal” crypto mining activities to help prevent the “hidden risks caused by the blind and disorderly development” of the industry and to help the country achieve its carbon reduction goals.