China’s cryptocurrency ban: What it means for Bitcoin, Coinbase and the US

The epicenter of Bitcoin mining has called it quits. On Sept. 24, China’s Central Bank declared all crypto-related transitions illegal, citing concerns about gambling fraud and money laundering. The move sparked a sharp drop in markets; some investors raced to dump their holdings, and the price of Bitcoin fell nearly 10% after the announcement, before quickly regaining some lost ground.

FIND OUT MORE