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transaction declined china has made it illegal to trade crypto currencies including bitcoin the us is also looking at tighter rules but others are embracing whats being called the future of money so should digital currencies be regulated this is inside story [Music] hello and welcome to the program im imran khan bitcoin emerged a decade ago as a digital alternative to money as we know it cryptocurrencies like it are traded online away from the control of governments central banks and institutions of the global financial system but the worlds two biggest economies arent too happy about it china has declared all cryptocurrency transactions to be illegal and has threatened further action its the latest step after regulators stop banks from offering virtual currency services earlier this year the government has accused criminals of using cryptocurrencies to launder money but its central bank is preparing to launch its own digital yuan as early as next year and media reports in the us
