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Bitcoin falls 4.5% after China vows crackdown on crypto trading

Bitcoin falls 4.5% after China vows crackdown on crypto trading

The People's Bank of China also said it will bar financial institutions, payment companies and Internet firms from facilitating cryptocurrency trading

Reuters
  • Updated Sep 24, 2021 4:23 PM IST
Bitcoin falls 4.5% after China vows crackdown on crypto tradingBitcoin fell 4.5% to $43,205

China's central bank vowed on Friday to crack down on illegal activities of cryptocurrency trading, banning overseas exchanges from providing services to mainland investors via Internet. Bitcoin fell 4.5% to $43,205.

The People's Bank of China also said it will bar financial institutions, payment companies and Internet firms from facilitating cryptocurrency trading, and will strengthen monitoring of risks from such activities.

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Published on: Sep 24, 2021 4:23 PM IST
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