News Snapshot:
China’s regulatory and banking authorities are banding together to wipe out cryptocurrencies such as bitcoin in the country, with new measures launched to ban new investments, create a road map to end virtual currency mining, and cut off any related financial transactions. The move redoubles efforts from the world’s second largest economy to remove deeply buried risk within its financial system and proceed with an ambitious energy-saving and emission-cuts campaign. The National Development and Reform Commission on Friday announced it was putting cryptocurrency mining into the elimination category – which means an immediate ban on new investments, business restrictions, and...
