China's central bank has announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin.
Fluctuations there often impact the global price of crypto-currencies.
The price of Bitcoin fell by more than $2,000 (£1,460) in the wake of the Chinese announcement.
It is the latest in China's national crackdown on what it sees as a volatile, speculative investment at best - and a way to launder money at worst.
Trading crypto-currency has officially been banned in China since 2019, but has continued online through foreign exchanges.
the People's Bank of China said, warning it
China is one of the world's largest crypto-currency markets.
Fluctuations there often impact the global price of crypto-currencies.
The price of Bitcoin fell by more than $2,000 (£1,460) in the wake of the Chinese announcement.
It is the latest in China's national crackdown on what it sees as a volatile, speculative investment at best - and a way to launder money at worst.
Trading crypto-currency has officially been banned in China since 2019, but has continued online through foreign exchanges.
