Bitcoin’s course collapsed by 9.3 percent after the decision of the China Central Bank to prohibit all transactions related to cryptocurrency. According to the auction, the peak of the collapse came at 14:18, when the cryptocurrency cost 40908 dollars.
According to 14:35 Moscow time, Bitcoin trades $ 411141 per piece. The cost of another popular Ethereum cryptocurrency collapsed at a peak by 13.89 percent to 2750 dollars. At 14:25 it costs 2781 dollars.
People’s Bank of China (NBK) on September 24 announced that cryptocurrencies should not be in circulation along with traditional currencies. NBK warned about the ban on financial institutions, payment systems and Internet firms to promote the trade in Kryptovaya and promised to resolutely stop speculating virtual currency to protect the property of people and maintain financial order.
In the middle of July, one of the first kriptomilliarderov China and founder kriptobirzhi BTC China Bobby Lee predicted cryptocurrency ban in the country. In his opinion, the Chinese authorities declared the war Bitcoin, because they do not want to deal with an unregulated financial product. Lee advised Mainers to sell his equipment, otherwise it will soon cheaper.