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Opinion: China’s bitcoin crackdown is not its final act Asia editor Karry Lai looks at the steps being taken by the world’s second largest economy to curb the rise of bitcoin in the country, primarily by preventing widespread mining operations July 19 2021 The Chinese government has made a number of policy moves that reiterate its stance against cryptocurrencies, especially bitcoin, indicating that strong enforcement and crackdown will lie ahead. It is sending a clear signal that the government means business in tackling its carbon emissions, with aims to meet net zero goals by 2060, and by targeting areas of systemic financial risks.

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