Zero Hedge — China Declares All Virtual Currency Transactions "Illegal", Sending Crypto Prices Tumbling

 Boom! How many people get that cryto involves a sovereignty issue and that this is its reason for being.

Zero Hedge
China Declares All Virtual Currency Transactions "Illegal", Sending Crypto Prices Tumbling
Tyler Durden

See also

ECNS
China to tighten regulation on virtual-currency trading, speculation

Xinhua (Chinese state media)