The Chinese government determinedly ban the virtual digital currencies related financial activities and misbehavior in order to safeguard maintain economic, people properties, social order and financial. This financial move of the government started to cause the panic among people of cryptocurrency investors and traders in sending the value of the bitcoin and other digital currencies to get down. The value of bitcoin currency was down to 5.5% at the time of the cryptocurrency mining also there was huge number of illegal transactions were made in the people’s bank of China in order to avoid this illegal transaction of money the China government has made the declaration to ban the digital currencies.
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