The Digital Source For China's Tech Innovation Since 2000

China was right to ban cryptocurrencies, says billionaire Warren Buffett partner

December 4, 2021
Source: playcrazygame.com playcrazygame.com
News Snapshot:
Charlie Munger, a large billionaire investor and vice president of Berkshire Hathaway, has again criticized cryptocurrencies such as bitcoin (BTC), while supporting China’s decision to ban much of the country’s crypto-related activity. “The Chinese have made the brokerage decision, which is to just ban them,” Munger said at the Sohn Hearts & Minds Investment conference in Sydney, according to the Australian Financial Review. This year, China introduced a massive crackdown on the crypto industry, forcing large bitcoin mining operators out of the country. Crypto trading and other activities related to cryptoactives have also been banned in China, resulting in a...
Go To Original Source →
Tags: Alibaba | ban | bank | bitcoin | blockchain | boycott | BTC | chairman | China | Chinese | crackdown | crypto | cryptocurrency | currency | development | environment | finance | financial | fintech | investment | investor | online shopping | technology | Tencent | website

Other Related News:

In South Africa I see stark evidence of extraordinary income inequalities

May 10, 2025

Nvidia modifies H20 chip for China to overcome US export controls: Report

May 10, 2025

From offering drones to solidarity: Turkey’s hand in Pakistan’s attacks

May 10, 2025

Europe must end reliance on US technology – Christine Lagarde

May 10, 2025

When I die, please do not produce an AI version of me

May 10, 2025

Wall Street ends a quiet week mixed as it waits for a highly anticipated US-China meeting on trade

May 10, 2025

Why Modi keeps pushing India to the brink of war with Pakistan

May 10, 2025

India-UK FTA sets precedent with dedicated anti-corruption, anti-bribery chapter

May 10, 2025

OpenAI chief Sam Altman: ‘This is genius-level intelligence’

May 10, 2025
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2025 ChinaTechNews.com. A Service of Asia Media Network.
Twitter