Bitcoin crackdown fails in China as trades SOAR amid spiralling value

Bitcoin crackdown fails in China as trades SOAR amid spiralling value
 

Figures from China’s internet finance body, the National Committee of Experts on Internet Financial Security, suggest the share of Chinese renminbi trading in Bitcoin has jumped from five per cent to 20 per cent over the past two months.   
The Chinese government implemented a crackdown on Bitcoin - which has been used to move wealth otherwise trapped inside China outside of the country - at the beginning of September. 
Officials began by banning initial coin offerings - or the launch of new coins onto the market - at the start of the month, to ordering the closure of all exchanges and... read more

 
8 November 2017 in Business, Views: 40
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