Explainer Why is China cracking down on cryptocurrencies?

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Home » World » Explainer | Why is China cracking down on cryptocurrencies? Explainer | Why is China cracking down on cryptocurrencies? World Beijing seeks to strengthen its monetary hold and project its new official digital currency The price of the world’s most prominent crypto-currency Bitcoin has more than halved in the last two months after hitting a peak in mid-April. The second-most valuable crypto-currency, Ether, has seen a similar fall from its peak last month. China’s crackdown against crypto-currencies, which are those that aren’t sanctioned by a centralised authority and are secured by cryptography, is said to have a...