The bitcoin market hit a historic high of 8,995 yuan on January 5 before plunging 40 per cent. Photo: Bloomberg
The bitcoin market hit a historic high of 8,995 yuan on January 5 before plunging 40 per cent. Photo: Bloomberg
Bitcoin

China’s bitcoin market: another ticking time bomb?

Speculation, supported by leveraged betting and program trading, has left the virtual currency market in urgent need of regulation, say analysts

The bitcoin market hit a historic high of 8,995 yuan on January 5 before plunging 40 per cent. Photo: Bloomberg
The bitcoin market hit a historic high of 8,995 yuan on January 5 before plunging 40 per cent. Photo: Bloomberg
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