China has banned all crypto transactions in the country. Here is what it means and why experts say bitcoin will bounce back | Currency News | Financial and Business News
China’s declaration that crypto-transactions are illegal drove down bitcoin and other digital currencies Friday. China, however, didn’t ban possession of digital currencies, which likely prevented deeper losses. The central bank warned of criminal investigations into people suspected of buying and trading cryptocurrencies. See more stories on Insider’s business page. China took its most forceful action … Read more