Bitcoin mining machines at a facility in Inner Mongolia, China. The country has some of the largest bitcoin mining operations in the world. Photo: Bloomberg

China bans initial coin offerings over concern about financial and social stability

Central bank says the unregulated fundraising method widely used by digital currency firms is illegal and fraudulent

Topic |   Bitcoin

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Bitcoin mining machines at a facility in Inner Mongolia, China. The country has some of the largest bitcoin mining operations in the world. Photo: Bloomberg
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