China: All cryptocurrency-related transactions are illegal and must be banned

[rcjordan]

https://techcrunch.com/2021/09/24/china-says-all-cryptocurrency-related-transactions-are-illegal/

[ergophobe]

Bitcoin markets didn't like that news much

Price at 08:30am: 45,053
Price at 11:20am: 41,181

Good day to daytrade bitcoin I bet

[littleman]

The command is very much inline with the flood of personal restrictions coming out of China these days.  I wonder what this will do to the massive bitcoin farms running there?