Article: According to China’s Central Bank, cryptocurrency transactions are no longer authorized as of September 24th, 2021 — Bitcoin went off 7% after the announcement

Article: According to China’s Central Bank, cryptocurrency transactions are no longer authorized as of September 24th, 2021 — Bitcoin went off 7% after the announcement

Thursday, 7 October, 2021

On September 7th, 2021, all cryptocurrencies went down around 20-30% when China demanded the shutdown of Bitcoin mining in Sichuan Province and banks. China didn’t stop there. As of September 24th, 2021, Chinese citizens can only invest in the Chinese electronic yuan as any other cryptocurrency is illegal —  As a result, Bitcoin went down 7%.

Here you will find the full version of the article

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