Bitcoin dives after China declares all crypto transactions illegal

Did you know Hard Fork is taking the stage on Sept 30 and Oct 1? Together with an amazing line-up of experts, we will explore the future of crypto during TNW Conference 2021. Secure your ticket now! Cryptocurrencies nosedived on Friday after China’s central bank declared that all crypto-related transactions are illegal and must be banned. “Virtual currency-related business activities are illegal financial activities,” the People’s Bank of China said on its website