Earlier this week, news broke that China's central bank - The People's Bank of China (PBOC) - has announced that going forward all transactions of crypto-currencies shall be illegal. This is seen as somewhat a strengthing measure of their 2019 crypto trading ban.
I see BTC has taken a hit but it has been long over due a correction. The more extreme the growth the more unstable so I think for those with a vested interest it can only be a good thing. It’s not the first time China have done this and we all know the fear spreading throughout the financial power houses of losing control of a decentralised monetary system.
As mentioned before, I’d like to buy some VitraCoin (VTC)