China's central bank bans all crypto transactions, Bitcoin price falls

[Redaktion]

After the totalitarian country has already banned crypto mining a few months ago, the new regulations also prohibit all financial transactions that involve cryptocurrencies like the popular Bitcoin and Ethereum.

https://www.notebookcheck.net/China-s-central-bank-bans-all-crypto-transactions-Bitcoin-price-falls.565042.0.html

[yeet]

Bruh this is like, the millionth time it's been banned 😂😂

[Faketoshi]

How many times will people fall for the same s***? They've banned it like 100 times already....

Not to mention this was already reported earlier in the month and crashed then, but all they did was reiterate what they said in 2017...

They won't get me to sell a single ETH or BTC. I only buy more each dip so whatever. Panic sellers deserve to get rekt.

[Donald]

All countries should ban this crap.

It's a (terrible) solution for a problem that doesn't exist. Slow, cumbersome, expensive, a waste of energy, an intrusion into privacy (all transactions are public) and it facilitates criminal activity.

Someone will be left holding the bag when it all crumbles down, and it won't be rich people investing in it.

[Barebooh]

All countries should ban this crap.

It's a (terrible) solution for a problem that doesn't exist. Slow, cumbersome, expensive, a waste of energy, an intrusion into privacy (all transactions are public) and it facilitates criminal activity.

Someone will be left holding the bag when it all crumbles down, and it won't be rich people investing in it.

Amen.

[Vrvly]

China: Crypto is pure evil, let's ban them.
Also China: Hello citizens, this is new e-yuan.
Feels like comedy show.