China has banned bitcoin exchanges but is yet to clamp down on cryptocurrency mining operations. Photo: Bloomberg

China’s Communist Party paper bashes bitcoin but still no sign of ‘bubble’ bursting

Party mouthpiece insists cryptocurrencies are a load of hype as the country’s investors and former bitcoin exchanges seek out new ways to business

Topic |   Bitcoin

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China has banned bitcoin exchanges but is yet to clamp down on cryptocurrency mining operations. Photo: Bloomberg
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Sidney Leng

Sidney Leng

Sidney Leng joined the Post in 2015 after spending a year and a half working for US media, including National Public Radio and Foreign Policy Magazine. He has been covering China's macroeconomic policies and financial regulations since 2016.