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China declares all cryptocurrency transactions illegal

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Beijing, Sep 23 (EFE/EPA).- The Chinese central bank on Friday issued a statement underlining that cryptocurrencies did not enjoy the approval of the authorities and that virtual currency transactions were "illegal" for altering the economic and financial order.The People's Bank of China, along with nine other Chinese government institutions such as the Cyberspace Administration and the Ministry of Public Security, pointed out that virtual currency transactions facilitated several illegal criminal activities such as money laundering, illegal fundraising, fraud and pyramid schemes, among others. (Camera: ARCHIVE).ARCHIVE FOOTAGE OF THE CITY OF SHANGHAI, CHINA; CRYPTOCURRENCY SIGNS IN EL ZONTE BEACH, EL SALVADOR AND THE FLORIDA BITCOIN CONFERENCE IN MIAMI, FLORIDA, US.

Added on the 24/09/2021 14:00:00 - Copyright : EFE Inglés

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