State media Xinhua reminded consumers not to believe in the ‘myth of wealth creation’ from the speculative trading of cryptocurrencies. Photo: Shutterstock
State media Xinhua reminded consumers not to believe in the ‘myth of wealth creation’ from the speculative trading of cryptocurrencies. Photo: Shutterstock
Bitcoin

Tighter scrutiny, supervision loom for cryptocurrency market, Chinese state media warns

  • Xinhua’s commentary on Sunday reminded consumers not to believe in the ‘myth of wealth creation’ from speculative trading of cryptocurrencies
  • That followed a statement from the State Council, China’s cabinet, of a further crackdown on bitcoin mining and trading

State media Xinhua reminded consumers not to believe in the ‘myth of wealth creation’ from the speculative trading of cryptocurrencies. Photo: Shutterstock
State media Xinhua reminded consumers not to believe in the ‘myth of wealth creation’ from the speculative trading of cryptocurrencies. Photo: Shutterstock
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