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China turns up heat on cryptocurrencies with ‘elimination’ drive

Summary:
[unable to retrieve full-text content]China’s regulatory and banking authorities are banding together to wipe out cryptocurrencies such as bitcoin in the country, with new measures launched to ban new investments, create a road map to end virtual currency mining, and cut off any related financial transactions.The move redoubles efforts from the world’s second largest economy to remove deeply buried risk within its financial system and proceed with an ambitious energy-saving and emission-cuts campaign.The National Development and…

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[unable to retrieve full-text content]
China’s regulatory and banking authorities are banding together to wipe out cryptocurrencies such as bitcoin in the country, with new measures launched to ban new investments, create a road map to end virtual currency mining, and cut off any related financial transactions.The move redoubles efforts from the world’s second largest economy to remove deeply buried risk within its financial system and proceed with an ambitious energy-saving and emission-cuts campaign.The National Development and…

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