![After falling on Friday, Bitcoin recovered over the weekend [Tyrone Siu/Reuters]](/wp-content/uploads/2021/09/2021-09-27T051440Z_901007778_RC2GXP9LPU1T_RTRMADP_3_FINTECH-CRYPTO-CHINA.jpg?resize=570%2C380)
Two of the largest crypto exchanges said they have stopped registering new users from mainland China on the back of ban.
Crypto
China bans the trade of cryptocurrencies including Bitcoin, as the US considers tighter rules.
![Crypto-related transactions will be considered illicit financial activity, including services provided by off-shore exchanges, the People’s Bank of China said on its website on Friday [File: Paul Yeung/Bloomberg]](/wp-content/uploads/2021/09/cryp.jpg?resize=570%2C380)
China has declared all crypto-related transactions illicit, in toughest blow yet to the crypto industry.
![Bitcoin's losses on Monday mirrored the action in the broader market as investors weighed the risks coming from Evergrande’s debt woes and this week’s meeting of the United States Federal Reserve [File: Paul Yeung/Bloomberg]](/wp-content/uploads/2021/09/372745643.jpg?resize=570%2C380)
Bitcoin got caught in market fears about possible contagion if Chinese property developer Evergrande sees debt default.
![A man wears a mask that depicts El Salvador's President Nayib Bukele and reads, 'sexist and fascist', during a protest against the detention of cryptocurrency commentator Mario Gomez, and against the use of Bitcoin as legal tender [Jose Cabezas /Reuters]](/wp-content/uploads/2021/09/2021-09-02T025929Z_826664190_RC26HP93H5R9_RTRMADP_3_EL-SALVADOR-PROTEST-BITCOIN-1.jpg?resize=270%2C180)
Is El Salvador’s adoption of Bitcoin just a distraction from the president?
![Salvadorans took to the main streets of San Salvador to demonstrate against the use of Bitcoin as a form of payment. [Rodrigo Sura/EPA]](/wp-content/uploads/2021/09/h_57159067.jpg?resize=270%2C180)
Angry demonstrations, technological glitches, and a dip in the cryptocurrency clouded the rollout in El Salvador.
El Salvador has become the first country to adopt Bitcoin as legal tender. But not everybody is happy about it…
![El Salvador's troubled Bitcoin rollout may be the near-term cause of volatility in the cryptocurrency, but other factors including the United States Federal Reserve's future monetary policy direction may also be in play [File: Cristina Baussan/Bloomberg]](/wp-content/uploads/2021/09/378006994.jpg?resize=270%2C180)
El Salvador’s crypto launch had a rocky start due to technical issues with its digital wallet that were later resolved.
![As the government grappled with technical problems, a small but growing group of people opposed to the new Bitcoin law turned out to protest it in the capital San Salvador on Tuesday [Photo courtesy of John Dennehy]](/wp-content/uploads/2021/09/IMG-20210907-WA0014.jpeg?resize=270%2C180)
El Salvador is the first country to adopt Bitcoin as legal tender.
![Proponents tout the claimed speed and lower cost of transactions on Solana for decentralised finance and digital collectibles, applications where Ethereum dominates [File: Gabby Jones/Bloomberg]](/wp-content/uploads/2021/09/377966280.jpg?resize=270%2C180)
Solana’s SOL token has tripled in about three weeks.
![Latin American countries have increasingly eyed cryptocurrencies to evade remittance costs and restrictions [File: Ramon Espinosa/AP]](/wp-content/uploads/2021/08/AP21089552118817.jpg?resize=270%2C180)
Popularity of the digital currency has grown in Cuba, in part because of restrictions on remittances from the US.
![Bitcoin took a dip on Thursday and other cryptocurrency tokens such as Ether retreated as well [File: Paul Yeung/Bloomberg]](/wp-content/uploads/2021/08/bitcoin-2.jpg?resize=270%2C180)
The largest cryptocurrency fell as much as 4.9 percent Thursday to $46,322.
![The government has set up a fund to back the Bitcoin to US dollar conversion [File: Cristina Baussan/Bloomberg]](/wp-content/uploads/2021/08/377656282.jpg?resize=270%2C180)
Central American countries may adopt Bitcoin if the cryptcocurrency cuts costs substantially for El Salvador.
The value of the digital currency has jumped again as it attracts more investors.