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
Topic |   Bitcoin

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China is stepping up scrutiny of its massive cryptocurrency industry. Photo: Reuters
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