{"id":37295,"date":"2021-09-24T22:10:17","date_gmt":"2021-09-24T13:10:17","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/2021\/sep\/24\/china-declares-transactions-cryptocurrencies-illegal"},"modified":"2021-09-24T22:10:17","modified_gmt":"2021-09-24T13:10:17","slug":"china-declares-transactions-involving-cryptocurrencies-illegal","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=37295","title":{"rendered":"China declares transactions involving cryptocurrencies illegal"},"content":{"rendered":"<p>Country steps up its campaign to block  use of unofficial digital money<\/p>\n<p>China\u2019s central bank has intensified its clampdown on cryptocurrencies by making all transactions in the virtual assets illegal, triggering a drop in the price of bitcoin on Friday.<\/p>\n<p>The move signals the latest attempt to rein in cryptocurrency use in China, where regulators fear it <a href=\"https:\/\/www.theguardian.com\/world\/2021\/jul\/09\/currency-and-control-why-china-wants-to-undermine-bitcoin\">might weaken the Communist party\u2019s control<\/a> over the financial system and promote criminal activity.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/2021\/sep\/24\/china-declares-transactions-cryptocurrencies-illegal\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Country steps up its campaign to block  use of unofficial digital moneyChina\u2019s central bank has intensified its clampdown on cryptocurrencies by making all transactions in the virtual assets illegal, triggering a drop in the price of bitcoin on Friday&#8230;.<\/p>\n","protected":false},"author":2603,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[41,6,50,310,1026,351,58,42],"tags":[],"class_list":["post-37295","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-business","category-china","category-cryptocurrencies","category-e-commerce","category-internet","category-technology","category-world-news"],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/37295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/2603"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37295"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/37295\/revisions"}],"predecessor-version":[{"id":37296,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/37295\/revisions\/37296"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}