Bitcoin Slides After China Issues Stark Virtual Currency Warning


Source: thestreet.com thestreet.com

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Bitcoin prices have tumbled more than 32% from their mid-April high amid criticism of the energy use in mining and a potential crackdown from regulators around the world. Author: Martin Baccardax Updated: May 18, 2021 9:44 AM EDT Original: May 18, 2021 Bitcoin prices extended declines Tuesday after the People's Bank of China published a warning over the use of virtual currencies in the world's second-largest economy. In a post on the PBOC's official WeChat account, the central bank said digital currencies should not be used in either financial markets or the real economy as money, given that they are...