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China’s crackdown has intensified since Beijing announced plans to introduce its own cryptocurrency. The digital yuan, expected to be launched in 2022, will be fully ...
China’s crackdown has intensified since Beijing announced plans to introduce its own cryptocurrency. The digital yuan, expected to be launched in 2022, will be fully backed by the central bank. In a bid to stamp out crypto competition, initial coin offers and crypto exchanges have been banned, and restrictions on power usage by miners imposed.
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