CommunityNews

CommunityNews

China declares all crypto-currency transactions illegal

China’s central bank has announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin.

“Virtual currency-related business activities are illegal financial activities,” the People’s Bank of China said, warning it “seriously endangers the safety of people’s assets”.

China is one of the world’s largest crypto-currency markets.

Fluctuations there often impact the global price of crypto-currencies.

The price of Bitcoin fell by more than $2,000 (£1,460) in the wake of the Chinese announcement.

It is the latest in China’s national crackdown on what it sees as a volatile, speculative investment at best - and a way to launder money at worst.

Read in full here:

This thread was posted by one of our members via one of our news source trackers.

Where Next?

Popular General Dev topics Top

AstonJ
Apple co-founder Steve Wozniak is suing YouTube for allegedly allowing scammers to use images and videos of him to defraud people. The s...
New
First poster: bot
Last night I re-read this Steve Yegge article about learning to type as a programmer. I can touch type, but I don’t usually manage to bre...
New
First poster: malloryerik
GitHub - hlissner/doom-emacs: An Emacs framework for the stubborn martian hacker. An Emacs framework for the stubborn martian hacker - G...
New
First poster: bot
How a piece of advice became a lifestyle TABLE OF CONTENTS WHERE TO BEGIN… FIRST CONTACT PICKING EMACS FOR LIFE CHEATING ON EMACS SERE...
New
First poster: bot
The overengineered Solution to my Pigeon Problem. TL;DR: I built a wifi-equipped water gun to shoot the pigeons on my balcony, controlle...
New
CommunityNews
ABSTRACT In lieu of a traditional , I’ve tried to distill the essence of the talk into a collection of maxims: All programmers are API ...
New
First poster: bot
zig/http.zig at 7cf2cbb33ef34c1d211135f56d30fe23b6cacd42 · ziglang/zig. General-purpose programming language and toolchain for maintaini...
New
First poster: KnowledgeIsPower
Building a Slack/Discord alternative with Tauri/Rust linen <span class="hashtag-icon-placeholder"></span>blog. Introduction My name is K...
New
CommunityNews
The Definitive PHP 7.2, 7.3, 7.4, 8.0, and 8.1 Benchmarks (2023). We tested the performance of 14 PHP platforms (WordPress, Drupal, Lara...
New
First poster: dyowee
olmOCR is an open-source tool for converting PDFs to text with high accuracy, preserving reading order and supporting tables, equations, ...
New

Other popular topics Top

AstonJ
What chair do you have while working… and why? Is there a ‘best’ type of chair or working position for developers?
New
ohm
Which, if any, games do you play? On what platform? I just bought (and completed) Minecraft Dungeons for my Nintendo Switch. Other than ...
New
siddhant3030
I’m thinking of buying a monitor that I can rotate to use as a vertical monitor? Also, I want to know if someone is using it for program...
New
brentjanderson
Bought the Moonlander mechanical keyboard. Cherry Brown MX switches. Arms and wrists have been hurting enough that it’s time I did someth...
New
Margaret
Hello content creators! Happy new year. What tech topics do you think will be the focus of 2021? My vote for one topic is ethics in tech...
New
AstonJ
If you get Can't find emacs in your PATH when trying to install Doom Emacs on your Mac you… just… need to install Emacs first! :lol: bre...
New
AstonJ
Was just curious to see if any were around, found this one: I got 51/100: Not sure if it was meant to buy I am sure at times the b...
New
New
New
AnfaengerAlex
Hello, I’m a beginner in Android development and I’m facing an issue with my project setup. In my build.gradle.kts file, I have the foll...
New