A recent Bloomberg article has claimed that China would have just prohibited Crypto transactions, which is misleading.
Crypto transactions are prohibited since 5 years, a week ago China has told their banks of this policy again and made the market slide about the same one ban again.
Now media is falling for the same 5 year old ban again, by quoting the misleading Bloomberg article which is quoting the other weeks old news which is based on the 5 year old news.
This is the same thing as the Walmart Litecoin thing, but even bigger.
submitted by /u/Dwez1337
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