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China Widens Ban on Crypto Transactions; Bitcoin Tumbles

  • China’s central bank says crypto transactions are illegal
  • Officials vow to root out illegal mining of digital assets
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WATCH: Digital tokens tumbled as China intensified its push to rein in crypto speculation and mining. Source: Bloomberg
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China banned on all crypto transactions and vowed to root out mining of digital assets, delivering the toughest blow yet to the industry.