You are here

Chinese investors bemoan Beijing's bitcoin crackdown

BT_20171002_CPCOIN2_3110642.jpg
The National Internet Finance Association of China - an offshoot of the People's Bank of China - accuses virtual currencies such as bitcoin of being "increasingly used as a tool in criminal activities".

Beijing

BEIJING'S decision to shut down bitcoin trading platforms has left investors scrambling to cut their losses and threatens to deprive the cryptocurrency of a crucial market.

"The authorities don't understand anything about bitcoin," fumed Zhang Yanhua, founder of an...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes