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Zero Hedge — China Declares All Virtual Currency Transactions “Illegal”, Sending Crypto Prices Tumbling

Summary:
Boom! How many people get that cryto involves a sovereignty issue and that this is its reason for being.Zero HedgeChina Declares All Virtual Currency Transactions "Illegal", Sending Crypto Prices TumblingTyler DurdenSee alsoECNSChina to tighten regulation on virtual-currency trading, speculationXinhua (Chinese state media)

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 Boom! How many people get that cryto involves a sovereignty issue and that this is its reason for being.

Zero Hedge
China Declares All Virtual Currency Transactions "Illegal", Sending Crypto Prices Tumbling
Tyler Durden

See also

ECNS
China to tighten regulation on virtual-currency trading, speculation
Xinhua (Chinese state media)

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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