Bitcoin dives as China widens crackdown on crypto mining Money Malay Mail


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Bitcoin dives as China widens crackdown on crypto mining Monday, 21 Jun 2021 03:34 PM MYT Beijing has turned the screw on cryptocurrency miners to stamp out financial risks from speculation, although environmental concerns about the gas-guzzling mines is also a factor. — Reuters pic BEIJING, June 21 — Bitcoin tumbled more than 10 per cent today after China broadened a crackdown on its massive cryptocurrency mining industry with a ban on mines in a key southwestern province. Chinese mines power nearly 80 per cent of the global trade in cryptocurrencies despite a domestic trading ban since 2017, but in...