China’s Lifting of Bitcoin Ban is Fake News

Sorry, but the reports circulating that China has finally lifted its ban on Bitcoin trading is not accurate.

Contrary to several media reports, including from a cryptocurrency-focused online publication with the banner: China Lifts Bitcoin Ban; Individuals and Businesses Can Now Own Cryptocurrencies Legally as well as tweets and statements by public figures, the report that Beijing has backtracked from its moratorium on Bitcoin trading is actually a misinterpretation of a ruling by a Shenzen court.

A Twitter post by user @katherineykwu (Katherine Wu) stated:

https://twitter.com/katherineykwu/status/1055638539650633728

Unf…

This article appeared first on Cryptovest

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