China is stepping up scrutiny of its massive cryptocurrency industry. Photo: Reuters
China comes down hard on cryptocurrencies as it seeks to rein in market prone to excesses
- Regulators have ordered cryptocurrency firms to shutter and warned investors to be wary of digital currencies
- Latest wave of shutdowns and restrictions represent the biggest clean-up of the sector since an initial clampdown in September 2017
China is stepping up scrutiny of its massive cryptocurrency industry. Photo: Reuters