China says all cryptocurrency transactions are illegal

by Ekene Ifechukwu

People's Bank of China demands ban of cryptocurrency transactions due to perceived illegality

No Results Found

The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.

Contents hide

1 China says all cryptocurrency transactions are illegal

1.1 Bitcoin dropped as much as 4.5%. Ether also tumbled, along with other crypto-related stocks.

Blockchain and Financial technology | Decentralized Finance (DeFi)

Information Technology News

Image by RABAUZ from Pixabay

China says all cryptocurrency transactions are illegal

Bitcoin dropped as much as 4.5%. Ether also tumbled, along with other crypto-related stocks.

The Central Bank of China has said that all cryptocurrency-related transactions are illegal and demanding a ban. This statement sends the strongest signal thus far on Bank’s willpower to crack down on the industry.

The nation’s economic planning agency has also said that it is an urgent task for China to root out crypto mining and the crackdown is important to meet carbon goals.

The People’s Bank of China described all cryptocurrencies, including Bitcoin, Ethereum, and others, on its website as non-flat currencies and cannot be circulated on the market.

All crypto-related transactions, including services provided by offshore exchanges to domestic residents, are illicit financial activities, the PBOC said in the statement.

Bitcoin dropped as much as 4.5% on Friday. Ether also tumbled, along with other crypto-related stocks as a result of the statement.

Since 2009, there has been a radical new technological way of making financial decentralized payments.

The creation of the first decentralized peer-to-peer payment system, Bitcoin, has led to the creation of a novel and booming set of payment services- known collectively as ‘cryptocurrencies’.

These digital currencies are now being backed by some natural governments, nor does anyone user have complete control over them is fast becoming the chief way people pay for goods and services in the 21st century of fintech.

Other Eduonwheels’ Blockchain & Financial technology and Decentralized Finance (DeFi) posts that might interest you:

Has your cryptocurrency investment been tampered with in the latest hack?

TikTok bans sponsored posts on cryptocurrencies

Bitcoin is key to the future of our services – Twitter

This blog content on Blockchain and Financial technology | Decentralized Finance (DeFi)‘: China says all cryptocurrency transactions are illegal’ is categorized under Information Technology Education News.

Our Information Technology Education News System is about creating and delivering impacting, and empowering problem-solving information, and enhancing effective communication skills to our amiable readers for better livelihood – Eduonwheels.

0 Comments

Submit a Comment Cancel reply

Numeration: Comparing Decimal Numbers – Easy Steps & Trick, Worked Examples, Test Questions & Answer

@eduonwheels
Numeration: How to Compare Decimal Numbers - Steps And Tricks Lesson 1: Numeration 3. Comparing Numbers 3.1 How to Compare Decimal Numbers Steps and Tricks How to Compare Decimal Numbers | Simple Steps & Tricks | Eduonwheels Close-up of handwritten math steps showing the comparison of whole and decimal parts. Don't let the dot confuse you! 🛑✨ Compare decimals like a pro with these easy steps. Whole numbers first, then the tenths, hundredths, and beyond! 🧠📉 These math skills are essential for passing professional entrance exams or aptitude tests. Quick Quiz: Which is bigger—$0.7$ or $0.09$? Drop your answer below! 👇 Reference: 1. Kastberg, S., & Morton, C. (2014). Mathematical content knowledge for teaching elementary mathematics: A focus on decimals. The Mathematics Enthusiast, 11(2), 311–332. https://doi.org/10.54870/1551-3440.1305 2. Van de Walle, J. A., Karp, K. S., & Bay-Williams, J. M. (2018). Elementary and middle school mathematics: Teaching developmentally (10th ed.). Pearson. 3. Khan Academy. (n.d.). Comparing decimals: Place value. Retrieved April 16, 2026, from https://www.khanacademy.org 4. Eduonwheels. (2026). Lesson 1: Numeration - 3.2. How to compare decimal numbers: Steps and tricks [https://www.youtube.com/shorts/o2xVxoF7ujA?feature=share]. Eduonwheels Global Learning Series. MathTok, StudyHacks, LearnOnInstagram, Eduonwheels, DecimalTips, SchoolVibes, BritishRPEnglish, EnglishMediumMath, StandardEnglish, CommonCoreMath, keystage234, NumberSense, Numeration, PlaceValueComparison, WorkedExamples, MathsLeads, STEMCoordinators, CCSSMath, NBTA, ElementaryMath, MathHelp, Eduonwheels. GradeMath, ComparingNumbers, STEMEducation, MathHacks, MathTricks, TrikMatematika, Belajar, ProblemSolvingSteps, CriticalThinking, DecisionMaking, QuantitativeLiteracy, EdTech, InternationalStandards, InternationalSchools, CivilService ExamReviewer, UPCATMath, MathShortcuts, BritishCurriculum, IGCSEPrep, MathinEnglish, MathematicalLiteracy, AnalyticalMath, MatemáticaBásica, GlobalCurriculum, NCERT, CBSE, KS2Maths, PrimaryMaths, OntarioTeachers, MathSyllabus, NCERTMaths, KS2Maths, CAPSMaths, OntarioMath, WAECPrep, JAMBMathematics.
♬ original sound - eduonwheels - eduonwheels