Crypto has recovered from China’s FUD over a dozen times in the last 12 years By Cointelegraph

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Crypto has recovered from China's FUD over a dozen times in the last 12 years The price of fell 5% today following “breaking” (read: weeks old) news that the People’s Bank of China, or PBoC, had declared all cryptocurrency transactions illegal. With that in mind, let's take a nostalgic look at the last 12 years of FUD out of China, and see if we can spot any patterns.China banned 'virtual currencies' for the first time in 2009The first Bitcoin-specific ban hit in 2013Fake ban threats plagued 2014A Chinese exchange hack briefly tanked prices in 2016In 2017, China dropped crypto-related bans twice in a single monthMedia reports led to a short crypto crisis of faith in 2018The FUD raged on in 2019China was allegedly behind 2020's 'crypto bloodbath'FUD comes to present dayThe total number of times China FUD has failed to kill crypto: 19Continue Reading on Coin Telegraph Disclaimer: Fusion Media would like to remind you that the data contained in this website is not ne
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