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China Banning The Crypto-Transaction Can Effect Ecommerce Business

China calls all digital currency activity illegal and vows to impose a ban on the move which can affect the eCommerce businesses that allow cryptocurrency transactions.

The People’s Bank of China (PBOC) today announced that all transactions involving cryptocurrencies are illegal in the country and must be banned amid the concerns of national security and social stability. Read More

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    What do you think are the consequences of this ban?

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      I think due to frauds and money laundering.

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