Bitcoin was trading at around US$43,860 late on Tuesday, compared with US$55,000 a week earlier. Photo: Handout
Bitcoin was trading at around US$43,860 late on Tuesday, compared with US$55,000 a week earlier. Photo: Handout
Digital currencies
Tech /  Policy

China sends another warning on cryptocurrency risks amid ‘wild fluctuations’

  • State-backed financial associations have warned their members to stay clear of any financing activities related to popular cryptocurrencies
  • Statement comes amid recent price volatility and as Beijing seeks to draw a distinction with its own sovereign digital currency

Coco Feng
Coco Feng in Beijing

Updated: 10:56pm, 19 May, 2021

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Bitcoin was trading at around US$43,860 late on Tuesday, compared with US$55,000 a week earlier. Photo: Handout
Bitcoin was trading at around US$43,860 late on Tuesday, compared with US$55,000 a week earlier. Photo: Handout
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