# China says all crypto-related transactions are illegal, again vows crackdown

- Link: https://www.widthness.com/china-says-all-crypto-related-transactions-are-illegal-again-vows-crackdown/
- Published: 2021-09-25T09:00:58-05:00
- Author: Curated by John Wysocki

Photo: A worker adjusts cryptocurrency mining rigs. AFP via Getty Images. Article by Will Feuer and Theo Wayt. New York Post – September 24, 2021. A group of government entities in China declared all financial transactions involving cryptocurrencies illegal on Friday and issued a nationwide ban on cryptocurrency mining, intensifying an ongoing crackdown and sending crypto prices plummeting. “Virtual currency-related business activities are illegal financial activities,” the People’s Bank of China said in a notice posted on its website, adding that such activity “seriously endangers the safety of people’s assets.” […] Click here to view original web page at nypost.com Related articles: China declares transactions involving cryptocurrencies illegal – The Guardian China says all crypto transactions illegal; Bitcoin tumbles – AP News China Declares All Cryptocurrency Transactions Illegal – NPR