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

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

Topic |   Bitcoin
Celia Chen
Celia Chen in Shenzhen

Updated: 8:16pm, 23 May, 2021

Why you can trust SCMP
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
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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