An employee resembles a calculation board at a bitcoin mine in Sichuan Province. Sichuan has become known as 'the capital of bitcoin mining' as entrepreneurial Chinese set up 'mines' there due to its abundance of hydropower, perfect for the high electricity needs of the large number of computers required for bitcoin mining. Photo: EPA

Private equity funds found to be investing in banned digital currencies offerings, says report

Beijing Bureau of Financial Work chief quoted on Sunday as saying some PE funds had been found taking part in ICOs outside the regulatory framework, and that the regulator would seek to weed them out

Topic |   Bitcoin

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An employee resembles a calculation board at a bitcoin mine in Sichuan Province. Sichuan has become known as 'the capital of bitcoin mining' as entrepreneurial Chinese set up 'mines' there due to its abundance of hydropower, perfect for the high electricity needs of the large number of computers required for bitcoin mining. Photo: EPA
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