Link: https://www.rt.com/business/535721-china-crypto-transactions-illegal-bitcoin/
People’s Bank of China revived its tough stance on digital currencies ruling all crypto-related trading activities illegal and banning overseas crypto exchanges from providing services to mainland investors. The regulator announced plans to bar financial institutions, payment companies and internet firms from facilitating cryptocurrency trading, strengthen monitoring of risks from such activities. “Overseas virtual currency exchanges that use the internet to offer services to domestic residents is also considered illegal financial activity,” the PBOC said.