https://techcrunch.com/2021/09/24/china-says-all-cryptocurrency-related-transactions-are-illegal/ > China’s central bank said on Friday that all cryptocurrency-related transactions are illegal in the country and they must be banned, citing concerns around national security and social stability. The world’s most populated nation also said that foreign exchanges are banned from providing services to users in the country. > In a joint statement, ten Chinese government agencies vowed to work closely to maintain a “high pressure” crackdown on trading of cryptocurrencies in the nation. The People’s Bank of China separately ordered internet, financial and payment companies from facilitating cryptocurrency trading on their platforms.