Actions speak: China’s crypto ban may reveal digital yuan CBDC goals
China’s ban on cryptocurrencies causes a mild slump, but recovering from this FUD is not new for crypto as China’s motives come under the scanner.
Chinese regulatory authorities gave yet another shock to the cryptoverse by imposing a ban on all cryptocurrency transactions on Sept. 24. This measure came just as the market was beginning to recover from the government’s June prohibition on cryptocurrency mining activities.
The fear, uncertainty and doubt (FUD) that results from the ban caused Bitcoin (BTC) to crash nearly 9% within five hours…
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