China begins crackdown on bitcoin mining, illegal trading activities


Source: econotimes.com econotimes.com

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©Elmin Media . All Rights Reserved. China begins crackdown on bitcoin mining, illegal trading activities It was the first time the state council explicitly targeted crypto mining. Saturday, May 22, 2021 11:32 PM UTC China announced that it will clamp down on bitcoin mining and trading to fend off financial risks, sharply pulling down bitcoin prices and putting it on course for weekly losses of over 15 percent. The country also vowed to crack down on illegal activities in the securities market and to maintain the stability of stock, bond, and forex markets. The statement by the State Council's Financial...