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Chinese investors bemoan Beijing's bitcoin crackdown

Published Sun, Oct 1, 2017 · 09:50 PM

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 investment fund that was dead on arrival after Beijing started tightening the screws at the start of the month.

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