China brings the hammer down on Bitcoin and all other crypto transactions

The Chinese government has a long track record for detesting all forms of cryptocurrency. However, the latest move marks the most all-encompassing ban on blockchain-based currencies. In reaction, crypto markets shuddered in fear of what the regulation could mean for investors.

Source: https://www.fool.com.au/2021/09/27/china-brings-the-hammer-down-on-bitcoin-and-all-other-crypto-transactions/