China

China is cracking down on cryptocurrencies

A Bitcoin sign can be seen on display at a bar in central Sydney, Australia, September 29, 2015.  Australian businesses are turning their backs on bitcoin, as signs grow that the cryptocurrency's mainstream appeal is fading. Concerns about bitcoin's potential crime links mean many businesses have stopped accepting it, a trend accelerated by Australian banks' move last month to close the accounts of 13 of the country's 17 bitcoin exchanges. Picture taken September 29, 2015.   REUTERS/David Gray - GF10000229589

The People's Bank of China has suggested that usage of all cryptocurrencies could now be illegal. Image: REUTERS/David Gray

Oscar Williams-Grut
Reporter, Business Insider
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