China's top regulators ban crypto trading, sending bitcoin tumbling

10 agencies join hands for crackdown; Bitcoin, other coins slump

China's sweeping ban on cryptocurrency mining has paralysed an industry that accounts for over half of global bitcoin production. (Photo: Reuters)

China in May banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and issued similar bans in 2013 and 2017. (Photo: Reuters)

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

Also Read

Crypto ban: It's not the solution

Bitcoin recoups some losses in Asian trade after Musk-triggered tumble

Bitcoin crashes as El Salvador rollout falters: Check details here

Decoded: Here's how to tell the difference between Bitcoin and Ethereum

Hottest cryptocurrencies are alternatives to Bitcoin and Ether

Bitcoin falls 4.5% after China vows crackdown on cryptocurrency trading

Twitter rolls out bitcoin tipping, safety features in product push

Dollar near one-month high as Evergrande Group risks, Fed loom

Bitcoin attempts recovery as China's Evergrande-led selloff eases

Bitcoin attempts recovery as Evergrande-led selloff eases

First Published: Sep 25 2021 | 2:50 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to