The Shanghai division of the People’s Bank of China issued a statement regarding the use of virtual currencies in the region. Reiterating that China’s favorable openings are to blockchain and not Bitcoin, markets slid by up to 11 percent in response to the news. With President Xi Jinping’s initial statements in favor of blockchain triggering […]The post Shanghai PBOC Crackdown on Cryptocurrencies Causes Market Crash appeared first on Crypto Briefing.
