China hammers bitcoin anew with warning over miner crackdown ...Qatar

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China hammers bitcoin anew with warning over miner crackdown
Bitcoin resumed its selloff Friday after China reiterated a warning that it intends to crack down on cryptocurrency mining as part of an effort to control financial risks. The statement on Friday after a meeting of the Financial Stability and Development Committee provided the latest blow in a rough week for the cryptocurrency market, rattled by forced selling and a possible US tax clampdown. China has long expressed displeasure with the anonymity provided by bitcoin and other crypto tokens, and warned earlier in the week that financial institutions weren’t allowed to accept it for payment. The country is home to a large concentration of the world’s crypto miners who verify transactions and

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