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Bitcoin is tanking following a reiteration from China's central bank that financial institutions cannot provide cryptocurrency services.

In a statement published online, the People's Bank of China warned against institutions and businesses from engaging in any form of virtual currency transactions.

Bitcoin is tanking following a reiteration from China's central bank that financial institutions cannot provide cryptocurrency services. In a statement published online, the People's Bank of China warned against institutions and businesses from engaging in any form of virtual currency transactions.

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[–] • 0 pt

Can you explain this to me. If they investigated in bitcoin and made tons of money why wouldn't they sell high and make the money? Can't it be sold?

[–] • 0 pt

sure you can sell, if your brokers website hasn't crashed. with everyone trying to preserve profits and trying to sell, many will be out of luck. Look how fast it crashed.

[–] • 0 pt

Thanks.

[–] • 0 pt