China's top regulators ban crypto trading, mining; bitcoin tumbles

China's top regulators ban crypto trading, mining; bitcoin tumbles

Photo by Andre Francois on Unsplash

China’s most powerful regulators on Friday intensified the country’s crackdown on cryptocurrency with a blanket ban on all crypto transactions and mining, hitting bitcoin and other major coins and pressuring crypto and blockchain-related stocks.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter