Cryptocurrency Crackdown in China: After Latest Ban, Over $400 Million Worth of Tokens Liquidated Within 24 Hours


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Cryptocurrency Crackdown in China: After Latest Ban, Over $400 Million Worth of Tokens Liquidated Within 24 Hours Technology By Alex Smith On Sep 25, 2021 0 Share (adsbygoogle = window.adsbygoogle || []).push({}); As the cryptocurrency market recovered from the crash it suffered in April–May — primarily because of tightening Chinese regulation on trading and mining of cryptocurrencies — another round of crackdown by China has left the market in the red. Chinese regulators intensified their hammering down of these digital assets, imposing a blanket ban on all cryptocurrency transactions and mining in the country this week. As a result, more...