Cryptocurrency sector has left behind a stormy few weeks, but negative news is still spreading, causing volatility in prices. Both the Chinese government’s sanctions and the negative comments made by the CEO of the world’s largest bank impacted the bitcoin price, and directly affected the crypto money industry.
However, a recent article in the Wall Street Journal shows that the negative news is not enough. According to confidential sources, the Chinese government has officially decided to crack down on all Bitcoin and cryptocurrency trading, not just commercial exchanges. According to the WSJ:
“A broad ban has decided to ban access to exchanges not only in the People’s Republic of China, but all over the world.”
However, regardless of the Chinese government’s position, the Bitcoin community has already migrated to Japan, as t regulations are more relaxed and bitcoin is officially supported. Despite this much negative news, BTC came to $ 4,000 in price.