(Bloomberg) — 9 months after formally declaring all cryptocurrency transactions unlawful, China nonetheless has the facility to roil digital property. GST, a token linked to the “move-to-earn” health app STEPN, fell about 10% after the app’s operator mentioned Thursday that customers in China would successfully be barred from utilizing it beginning July 15. One other cryptocurrency tied to the app referred to as GMT plunged greater than 30% earlier than rebounding, information from CoinGecko present. STEPN makes use of blockchain expertise that lets customers purchase digital sneakers within the type of nonfungible tokens, which they’ll then use to earn GMT...