The Chinese central bank, the People’s Bank of China, has claimed that the country accounts for 10% of the global Bitcoin transactions, plummeting from almost 90% before the country announced a full-scale crackdown. In a statement released Thursday, the Financial Stability Bureau of the bank mentioned the ‘effectively curbing’ of the cryptocurrency transactions as one of the key achievements in part of its domestic financial stabilization policy. The translated statement noted: “Effectively curbing the hype of domestic virtual currency transactions, the global proportion of Bitcoin transactions in China dropped rapidly from more than 90% to 10%. Severely cracked down on...