In May Chinese Vice Premier Liu He told a group of finance officials that the government would clamp down on bitcoin. China is intensifying its crackdown on cryptocurrencies.
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Bitcoin has fallen below 30000 for the first time in more than five months hit by Chinas crackdown on the worlds most popular cryptocurrency.
Bitcoin china crackdown. It comes after the Peoples Bank of China. Bitcoin and ethereum sink as China intensifies crackdown on cryptocurrencies The price of bitcoin fell abou5 to 42260 according to Coin Metrics data. Ethereum the second-largest digital currency fell over 8 to 2868.
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