People’s Bank of China (PBoC), called on banks to not provide products or services including trading, clearing, and settlement for cryptocurrency transaction. China has tightened its clampdown on cryptocurrencies calling on several major banks and payments companies to take stronger actions against the trading of the virtual currencies. Bitcoin mining is a process which generates new units of the virtual currency by solving complex mathematical equations that require energy-intensive computer operations.Do you think Cryptocurrencies will be legalized any sooner ?
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