China Bans Crypto (TRUE OR FALSE?) Sources Say China Bans Cryptocurrency Exchanges Effective TODAY!

IS IT TRUE? China bans cryptocurrency exchanges financial institutions from offering cryptocurrency services. Should You EVEN Invest In Crypto OR Should You Own Your Own Online Bank Like Cashapp, Paypal, Stripe? Text " BANK IN A BOX " To 314-325-7030 For Your OWN Online Bank Platforms PLUS Systems For Collecting Daily Automatic Payments To Your Account With No Sales OR Marketing Skills! China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading. china bans cryptocurrency,china bans crypto,china bans cryptocurrency exchanges,did china ban cryptocurrency,china bans cryptocurrency mining,china bans crypto mining,china bans cryptocurrency trading,china bans crypto trading, china banning crypto, china ban crypto, Under the ban, such institutions, including banks and online payments channels, must not offer clients any service involving cryptocurrency, such as registration, trading, clearing and settlement, three industry bodies said in a joint statement on Tuesday. "Recently, crypto currency prices have skyrocketed and plummeted, and speculative trading of cryptocurrency has rebounded, seriously infringing on the safety of people's property and disrupting the normal economic and financial order," they said in the statemenT https://www.reuters.com/technology/chinese-financial-payment-bodies-barred-cryptocurrency-business-2021-05-18/ China has banned crypto exchanges and initial coin offerings but has not barred individuals from holding cryptocurrencies. The institutions must not provide saving, trust or pledging services of cryptocurrency, nor issue financial product related to cryptocurrency, the statement also said. The statement also highlighted the risks of cryptocurrency trading, saying vitural currencies "are not supported by real value", their prices are easily manipulated, and trading contracts are not protected by Chinese law. https://www.moneycontrol.com/news/business/cryptocurrency/china-bans-financial-payment-institutions-from-cryptocurrency-business-6909141.html The statement also highlighted the risks of cryptocurrency trading, saying virtual currencies “are not supported by real value,” their prices are easily manipulated, and trading contracts are not protected by Chinese law. The three industry bodies are: the National Internet Finance Association of China, the China Banking Association and the Payment and Clearing Association of China. https://financialpost.com/fp-finance/cryptocurrency/china-bans-financial-payment-institutions-from-cryptocurrency-business 3 dumb things happened within the last hour: 1) Reuters writing a misleading article on China banning 2) People retweeting Reuters and believing it 3) Market dumping on the Reuters news China didn't just ban crypto. It's reiterating an anti-speculation law from years ago. https://twitter.com/QwQiao/status/1394661559033602049 china bans cryptocurrency,china bans crypto,china bans cryptocurrency exchanges,did china ban cryptocurrency,china bans cryptocurrency mining,china bans crypto mining,china bans cryptocurrency trading,china bans crypto trading #Chinabanscrypto #chinabanscryptocurrencyexchanges via IFTTT