Home Breaking: Bitcoin tumbles as Chinese Vice-Premier Liu vows to crack down on mining

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Breaking: Bitcoin tumbles as Chinese Vice-Premier Liu vows to crack down on mining

Updated: 21 May. 2021 | 16:36

BTC/USD has dropped $38,000 in response to headlines saying that China’s Vice-Premier Liu He said to “resolutely prevent and control financial risks.” The senior official added that Beijing will crackdown on Bitcoin mining and trading activities. More broadly, Liu added that the government will severely punish those conducting illegal financial activities.

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