FOX BIZ NEWS: Cryptocurrency crackdown by China is about more than the 'safety of people's property'


Cryptocurrency crackdown by China is about more than the 'safety of people's property'



On Wednesday China echoed previous announcements, making clear in no uncertain terms that financial institutions and payment companies should not participate in any cryptocurrency-related transactions or services. The comments helped send the price of Bitcoin plummeting to its lowest price since January – $30,066,-- before recovering Thursday at around $41,000.

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