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Chinese investors bemoan Beijing's bitcoin crackdown

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'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...

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