Article preview: China has effectively banned financial institutions from supporting cryptocurrency transactions, crashing the price of Bitcoin in the process. The price of Bitcoin dropped by more than 10% following the announcement by Chinese regulators. Bitcoin fell below $40,000 for the first time since February on the news, with widespread price declines across the cryptocurrency world.
China bans cryptocurrency transactions and crashes Bitcoin price
This 319-word blog post looks at the ban imposed by Chinese regulators on banks, lenders and payment processors, crashing the price of Bitcoin and other cryptocurrencies. Written on 19th May 2021.
Your purchase gives you rights to publish this blog post on your IFA, financial planner or wealth manager website blog, news or insights page, along with access to the text of the blog post to copy and paste into your blog. You can publish this blog as written or edit it before publishing, and you can post it under your name.