China's central bank declared all transactions involving Bitcoin and other virtual currencies illegal because it disrupts the financial system and is used in money laundering and other crimes.
While promoters of cryptocurrencies say they allow anonymity and flexibility, Chinese regulators worry they might weaken the Communist Party's control over the financial system and help conceal criminal activity.
Meanwhile, the People's Bank of China is developing an electronic version of the country's yuan.
Cashless transactions using the digital yuan can be tracked and controlled by the Chinese government.


Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed
Yen Near 40-Year Lows Despite BOJ Rate Hike, Markets Brace for Possible Intervention
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge
FxWirePro- Major Crypto levels and bias summary
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge
FxWirePro- Major Crypto levels and bias summary 



