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.
Popular General Dev topics
Other popular topics
Sponsor Spotlight
Catch errors, track performance, monitor hosts and more.
Categories:
Sub Categories:
- All
- In The News
- Dev Chat (206)
- Questions (36)
- Resources (122)
- Blogs/Talks (27)
- Jobs (3)
- Events (15)
- Code Editors (59)
- Hardware (60)
- Reviews (5)
- Sales (16)
- Design & UX (5)
- Marketing & SEO (2)
- Industry & Culture (14)
- Ethics & Privacy (19)
- Business (4)
- Learning Methods (6)
- Content Creators (7)
- DevOps & Hosting (10)
Popular Portals
- /elixir
- /rust
- /wasm
- /ruby
- /erlang
- /phoenix
- /keyboards
- /python
- /js
- /rails
- /security
- /go
- /swift
- /vim
- /clojure
- /java
- /emacs
- /haskell
- /svelte
- /typescript
- /onivim
- /kotlin
- /c-plus-plus
- /crystal
- /tailwind
- /react
- /gleam
- /ocaml
- /elm
- /flutter
- /vscode
- /ash
- /html
- /opensuse
- /deepseek
- /zig
- /centos
- /php
- /scala
- /react-native
- /lisp
- /sublime-text
- /textmate
- /nixos
- /debian
- /agda
- /deno
- /django
- /kubuntu
- /arch-linux
- /nodejs
- /spring
- /ubuntu
- /revery
- /manjaro
- /lua
- /julia
- /diversity
- /markdown
- /slackware
Devtalk Sponsors
Practical resources that improve the lives of professional developers.
We build trusted fault-tolerant systems that scale to billions of users.
Real-time error tracking, performance insights, and observability for devs.
Supporting innovation across the BEAM ecosystem.
We build reliable cloud platforms for business-critical systems.
Develop your skills with books, videos, and courses.
Catch errors, track performance, monitor hosts and more.
Enabling companies to succeed by building software people love.
Courses that move you from confusion to "Aha, now I get it!"
Publishing Linux Magazine, ADMIN, and MakerSpace for 25+ years.