Tech

Bitcoin outlawed in China as country bans all cryptocurrency transactions

Enlarge / China has cracked down on bitcoin and other cryptocurrencies in a bid to limit capital outflows. (credit: Nuthawut Somsuk/iStock Editorial ) China’s crackdown on cryptocurrencies intensified today, with the country’s central bank announcing that all crypto-related transactions are illegal. “There are usually legal risks for individuals and organizations participating in virtual currency and […]