October 20, 2021

How China Rivals Elon Musk in Rattling Crypto Markets

China’s central bank designated crypto-related transactions as illicit financial activity, including services provided by off-shore exchanges. It added that cryptocurrencies, including Bitcoin and Tether, are not fiat currency and cannot be circulated. Separately, the country’s economic-planning agency said it’s urgent to root out crypto mining to meet carbon goals, putting the activity back on a list of dirty industries it wants to eliminate. 

Read full article here: www.washingtonpost.com