Tighter scrutiny, supervision loom for cryptocurrency market, Chinese state media warns

Source: South China Morning PostCryptocurrency activities in China will face greater scrutiny and supervision, state media warned on Sunday, as bitcoin’s global sell-off resumed on Friday amid Beijing’s latest crackdown on the trading and mining of digital tokens.Communist Party mouthpiece Xinhua said in a commentary published on Sunday that tighter supervision and scrutiny are in order for the cryptocurrency market.“Compared with traditional investment tools, the risks in the virtual currency market are extremely high, as…Read More

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