Chinese crypto players unfazed by Beijing’s latest crackdown


Source: vnexplorer.net vnexplorer.net

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Chinese crypto players unfazed by Beijing’s latest crackdown 24/05/2021 Photo: Internet Archive China ‘s latest salvo against crypto currencies has driven a brutal selloff in bitcoin markets but retail traders, miners and even crypto finance firms reckon Beijing’s bark is louder than its bite. China ‘s announcement on Tuesday of a tougher ban on banks and payment companies offering crypto -related services furthered a selloff that briefly wiped $1 trillion off crypto market capitalisation. But fears that the rules would cripple crypto currency markets and mining on the Chinese mainland appear baseless. Crypto currencies could still be bought from China...