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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)
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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)

Shanghai/London
2 min read Last Updated : Sep 25 2021 | 2:51 AM IST
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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

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Topics : Bitcoin crypto trading China cryptocurrencies Blockchain

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

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