Crypto Markets Are Crashing After China Again Vows To Crackdown On Mining And Trading

BREAKING: China attempts to ban #Bitcoin for like the 1000th time.
— Bitcoin Magazine (@BitcoinMagazine) May 21, 2021

Zero Hedge: Cryptos Crash After China Again Vows Crackdown On Mining And Trading

Another day, another attempt by China - where the reception of the digital yuan has been a total disaster so far much to Beijing's complete humiliation - to crash Crypto, with Reuters and Bloomberg reporting moments ago that just two days after the PBOC barred financial institutions from accepting bitcoin as payment, China's vice premier Liu He said (at 11pm on Friday local time) that China will crack down on bitcoin mining and trading activities, which of course is what we already knew.

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Update: Bitcoin stages fresh selloff as China reiterates crypto crackdown plans (Market Watch)

WNU Editor: Cryptocurrencies are the future. But not today.