News Snapshot:
China has expanded its clampdown on cryptocurrencies, telling banks and payment platforms to stop supporting digital currency transactions, BBC reports. That follows an order on Friday to shut down Bitcoin mining operations in Sichuan province. The price of Bitcoin slumped by more than 10% on Monday but stabilized in Asian trading on Tuesday, 22 June. The value of the cryptocurrency has fallen by around 50% since hitting a record high above $63,000 in April. On Monday, Chinaâs central bank, the Peopleâs Bank of China (PBOC), said it had recently summoned several major banks and payments companies to call on them...
