{"id":254705,"date":"2021-09-24T18:17:11","date_gmt":"2021-09-24T12:47:11","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=254705"},"modified":"2021-09-24T18:18:20","modified_gmt":"2021-09-24T12:48:20","slug":"china-peoples-bank-of-china-announces-ban-on-cryptocurrencies-transactions","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/09\/24\/china-peoples-bank-of-china-announces-ban-on-cryptocurrencies-transactions\/","title":{"rendered":"China | People&#8217;s Bank of China announces ban on cryptocurrency transactions"},"content":{"rendered":"<div style=\"text-align: justify;\">On September 24, 2021, People&#8217;s Bank of China announces ban on all crypto currency transactions in order to stop illegal crypto mining.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\n<p>It has been stated that virtual currencies that are issued by non-monetary authorities, using encryption technology, distributed accounts or similar technologies, and exist in digital form, such as Bitcoin, Ethereum, etc., including so-called stable currencies such as TEDA, does not have the same legal status as legal tender and cannot be circulated in the market as currency.<\/p>\n<\/div>\n<div><\/div>\n<div>Read the Press Release <a href=\"http:\/\/www.pbc.gov.cn\/goutongjiaoliu\/113456\/113469\/4348556\/index.html\">HERE<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>On September 24, 2021, People&#8217;s Bank of China announces ban on all crypto currency transactions in order to stop illegal crypto mining. <\/p>\n","protected":false},"author":8808,"featured_media":254706,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1188,2],"tags":[8791,46872,47199,42748],"class_list":["post-254705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hot_off_the_press","category-news","tag-china","tag-cryptocurrencies","tag-peoples-bank-of-china","tag-scc-blog"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China | People&#039;s Bank of China announces ban on cryptocurrency transactions | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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