China’s crypto ban may reveal digital yuan CBDC goals By Cointelegraph
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Chinese regulatory authorities have delivered another surprise to cryptoverse. Interdiction of all transactions in cryptocurrencyOn September 24, Just as the Market was starting to recoverFrom the June government document Interdiction of cryptocurrency mining
Fear, uncertainty, and doubt (FUD), that the ban caused was (BTCFrom exchanging hand in the $45,000-range to reaching the bottom at $41,142, a 9% drop occurred within 5 hours. Soon after, Alibaba (NYSE:) Announced that they would be Interdiction of the sale or transfer of any cryptocurrency rigsAccessories starting October 8.
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