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Bitcoin drops 5% as China proclaims all crypto transactions completely illegal
Aggregated Source: ChinaLegalBlog.com

For years now, China has had a difficult relationship with the crypto industry. In time, however, that relationship started getting worse and worse, especially now as the country is about to release its own cryptocurrency on a nationwide scale. All other cryptos, which might be competitors to its upcoming digital yuan must, therefore, be eliminated.…

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