On Sept. 24, the People’s Bank of China (PBoC) issued a new statement regarding the illegality of cryptocurrency transactions and mining, adding that now crypto-to-crypto, as well as crypto-to-fiat transactions, are banned. This means virtually all crypto trading-related activities are prohibited in the country for the first time ever, including buying, selling or trading virtual currencies like bitcoin, ether and tether.
5 Reasons Why Bitcoin Remains Below $50,000 — CoinDesk
