China's central bank said Friday that it will ban all virtual currency transactions including those of Bitcoin, calling them "illegal," with the aim of preventing the occurrence of financial risks.While the Communist-led government has so far prohibited the country's banks from cryptocurrency-related transactions, it has apparently decided to step up restrictions in the wake of recent financial market turmoil.Chinese regulations aimed at cracking down on money laundering and speculation have greatly swayed the global values of virtual currencies.Since earlier this month, the financial marke…READ FULL ARTICLE
