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Market Continues To Fall as China Mulls Banning BTC Mining

Published 05/22/2021, 02:48 AM
Updated 05/22/2021, 03:00 AM
Market Continues To Fall as China Mulls Banning BTC Mining

  • China’s Financial Committee announces a crackdown on Bitcoin mining activities.
  • The market continues to fall down as Bitcoin reacts negatively to this news.
  • It is the first time the highest level of Chinese government addresses a stop on trading BTC.

In a meeting held this Friday, China discusses strict anti-cryptocurrency regulations. China’s Financial Committee discussed ways to lessen financial risks in the country. More so, the said council headed by its Vice Premier Council Liu He believes it ensures a powerful economic cycle.

With that said, the Twitter community thinks it is simply FUD (fear, uncertainty, and doubt). However, Bitcoin seems to react negatively to this news, falling below $36,000.

Apart from this, Wu Blockchain,

This article was first published on coinquora.com

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Latest comments

agree my friend, media financed by whales and large funds, I have been since 2015, but from 2017 to here the narrative is the same, search for "Bitcoin China 2017" see that the news is the same, nothing has changed, there are no cryptocurrency brokers , they were banned in 2017, nothing has changed ..
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