On September 24, 2021, China’s central bank issued a statement explaining that all virtual currency-related business activities were illegal from that moment on in the country, effectively placing a nationwide ban on cryptocurrency transactions. The announcement came amid a largescale crackdown on the trillion-dollar cryptocurrency industry by the Chinese government. According to the statement, which was published […] The post How Do Cryptocurrencies Work, and What is the Impact of the China Ban? first appeared on New Century Planning. The post How Do Cryptocurrencies Work, and What is the Impact of the China Ban? appeared first on New Century Planning.