China says it would crack down on bitcoin mining, buying and selling actions


China will crack down on bitcoin mining and buying and selling actions in its bid to fend off monetary dangers, the Financial Stability and Growth Committee stated on Friday.

The nation will fiercely crackdown on unlawful actions within the securities market, and keep the soundness of inventory, bond and foreign exchange markets, the committee stated in a gathering chaired by Vice Premier Liu He.

China’s prudent financial coverage might be versatile, focused and acceptable, whereas it would maintain the yuan trade fee mainly secure at cheap and balanced ranges, it added.

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