Bitcoin dives after China declares all crypto transactions illegal

Did you know Hard Fork is taking the stage on Sept 30 and Oct 1? Together with an amazing line-up of experts, we will explore the future of crypto during TNW Conference 2021. Secure your ticket now! Cryptocurrencies nosedived on Friday after China’s central bank declared that all crypto-related transactions are illegal and must be banned. “Virtual currency-related business activities are illegal financial activities,” the People’s Bank of China said on its website  (via Google Translate). The bank added that digital currencies such as Bitcoin and Ethereum “are not legal and should not and cannot be used as currency in…

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