China has banned cryptocurrency mining and trading. Photo: Reuters
China has banned cryptocurrency mining and trading. Photo: Reuters

China accuses digital economy promoter of crypto-linked corruption

  • Former Fuzhou Communist Party chief ‘abused his power to encourage virtual currency mining’
  • Party watchdog says Xiao Yi has lost his job and will probably face criminal charges

China has banned cryptocurrency mining and trading. Photo: Reuters
China has banned cryptocurrency mining and trading. Photo: Reuters
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