Boom: China Declares All Virtual Currency Transactions “Illegal”

As a Technocracy, it is no surprise that China would summarily wipe out any and all competition for its own central bank issued currency. Secondly, this is a form of capital controls because many citizens were moving their wealth offshore with Bitcoin and Ether. That avenue is now closed. ⁃ TN EditorChina expanded its escalating crackdown on cryptocurrencies on Friday when its central bank declared that all activities related to digital coins are “illegal” and must be banned.
I