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Miners Lament 'End of An Era' as China Eradicates Bitcoin

Miners Lament 'End of An Era' as China Eradicates Bitcoin
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Banks continue to "block" cryptocurrency - CITIC Bank joins the growing list

While the use of cryptocurrencies continues to gain attention, it is facing resistance from many governments. Banks in different parts of the world have their reservations about the use of cryptocurrencies. Some countries have even banned cryptocurrency-related transactions in commercial banks. This has been going on for several years. Now, there are reports that CITIC bank of China has blocked all cryptocurrency transactions.
Some legislatures believe that cryptocurrency is a threat to any nation’s legal currency status. In other to protect its legal currency status, and prevent money laundering risks, the People’s Bank of China, the Ministry of Industry and Information Technology, the China Banking Regulatory Commission, the China Securities Regulatory Commission, and the China Insurance Regulatory Commission jointly issued a “Notice on Preventing Bitcoin Risks” many years ago. The notice claims that Bitcoin has the same status as its legal currency. They also with t ....

Hong Kong , Morgan Stanley , Ministry Of Industry , Industrial Bank , China Banking Regulatory Commission , People Bank , China Insurance Regulatory Commission , China Securities Regulatory Commission , Information Technology , Jp Morgan Chase , Preventing Bitcoin , New York Mellon , Mainland China , ஹாங் காங் , மோர்கன் ஸ்டான்லி , அமைச்சகம் ஆஃப் தொழில் , தொழில்துறை வங்கி , சீனா வங்கி ஒழுங்குமுறை தரகு , மக்கள் வங்கி , சீனா காப்பீடு ஒழுங்குமுறை தரகு , சீனா பத்திரங்கள் ஒழுங்குமுறை தரகு , தகவல் தொழில்நுட்பம் , ஜ்ப் மோர்கன் துரத்து , ப்ரிவெஂடிஂக் பிட்காயின் , புதியது யார்க் மெலந் , பிரதான நிலப்பரப்பு சீனா ,