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China crypto gamers shrug off Beijing's newest crackdown

November 17, 2021
Source: flashheadlines.com flashheadlines.com
News Snapshot:
China crypto gamers shrug off Beijing's newest crackdown By Samuel Shen and Andrew Galbraith SHANGHAI, May 20 (Reuters) – China’s newest salvo towards cryptocurrencies has pushed a brutal selloff in bitcoin markets however retail merchants, miners and even crypto finance corporations reckon Beijing’s bark is louder than its chew. China’s announcement on Tuesday of a more durable ban on banks and cost corporations providing crypto-related companies furthered a selloff that briefly wiped $1 trillion off crypto market capitalisation. But fears that the foundations would cripple cryptocurrency markets and mining on the Chinese mainland seem baseless.Cryptocurrencies may nonetheless be purchased from...
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