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Confusion reigns after China slams door on crypto
Standaert, Michael http://www.aljazeera.com/economy/2021/9/30/confusion-and-scrambling-after-china-slams-door-on-crypto
Publisher: Al Jazeera
Date Written: 30/09/2021
Year Published: 2021
Resource Type: Article
China effectively banned all trading in cryptocurrencies last week, leaving investors scrambling for legitimate options to cash in their holdings.
Abstract:
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Excerpt:
Moves by Chinese authorities to close regulatory loopholes around cryptocurrency trading and mining late last week essentially banned all such activities in China overnight. And many crypto holders are still scrambling to deal with the fallout.
For many companies that made big bets on crypto over the past several years – particularly companies in the tech industry – options may be limited for cashing in their holdings.
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