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In September 2021, which of the following countries has announced a blanket ban on all crypto transactions and crypto mining?

In September 2021, which of the following countries has announced a blanket ban on all crypto transactions and crypto mining? Correct Answer China

The correct answer is China.

Key Points

  • China's most powerful regulators on 24 September 2021 intensified the country's crackdown on cryptocurrency with a blanket ban on all crypto transactions and crypto mining.
  • The People's Bank of China (PBOC) has barred financial institutions, payment companies, and internet firms from facilitating cryptocurrency trading nationally.

Important Points

  • China is one of the world's largest cryptocurrency markets.
  • Trading crypto-currency has officially been banned in China since 2019 but has continued online through foreign exchanges.

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