China's central People's Bank of China (PBOC) said it was illegal to facilitate cryptocurrency trading and that it planned to severely punish anyone doing so.
source https://www.news18.com/news/tech/explained-whats-new-in-chinas-crackdown-on-cryptocurrency-and-its-impact-4247843.html
source https://www.smartmoneymanagement.space/2021/09/explained-whats-new-in-chinas-crackdown.html
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