Nigerians Reacts As China Bans cryptocurrency

The Chinese government has Reportedly banned cryptocurrency, According to Report from online source,  Chinese government bans financial institutions from conducting any business involving cryptocurrency, and warned against trading.

The ban means banks and online payment companies cannot offer any services that involve cryptocurrencies. That includes registration, trading, clearing, and settlement.
Crypto exchanges and initial coin offerings are also banned.

The current population of China is
1,444,191,159 as of Tuesday, May 18, 2021, based on Worldometer elaboration of the latest United Nations data. China 2020 population is estimated at 1,439,323,776 people at mid year according to UN data. China population is equivalent to 18.47% of the total world population.

This simply mean, whatever affect China, affect the rest of the world.
So the question is, could this be the reason behind the drastic crypto price crash? 
Nigerians Reacts As China Bans cryptocurrency Nigerians Reacts As China Bans cryptocurrency Reviewed by Ayomite media on May 19, 2021 Rating: 5

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