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China announces complete ban on cryptocurrencies

September 24, 2021

Via: Sky News

According to a notice published on the central bank’s website, it will be illegal for Chinese residents to purchase cryptocurrencies from overseas and even be involved in marketing or technical support relating to crypto businesses.

The authenticity of the announcement has been confirmed by Sky News’ bureau in Beijing, but follows an announcement falsely claiming US retail giant Walmart would soon be accepting the cryptocurrency Litecoin, believed to have been perpetrated by people seeking to artificially inflate that cryptocurrency’s value.

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