China cracks down on cryptocurrency, banning transactions and mining.
- Date: 24-Sep-2021
- Source: The New York Times
- Sector:Financial Markets
- Country:Middle East
China cracks down on cryptocurrency, banning transactions and mining.
The clampdown comes as China’s central bank has been testing its own digital currency, the electronic Chinese yuan. The price of Bitcoin fell as much as 6 percent on the news.