Over the weekend, Twitter was actively spreading the news that China could lift the ban on cryptocurrencies by the end of the year.
*️⃣ The People's Bank of China (PBOC) has declared all transactions with Bitcoin and other cryptocurrencies illegal. The ban was later expanded to include mining, storage and use of cryptocurrencies.
One of the reasons for rumors regarding the potential lifting of the ban on crypto in China was the completion of Justin Sun's legal proceedings.
At the end of June, the founder of the Tron network won a libel case (“engaged in fraud and money laundering, participated in insider trading”) in the People’s Court of China.
➗ If this information is confirmed, it will be another powerful catalyst for market growth at the end of the year.
