A commentary piece in China's official securities media
- in addition to frequent price spikes and drops, criminal activities surrounding cryptocurrencies have been coming to light, prompting further scrutiny of their regulation.
- "In fact, there is a broader consensus to strengthen the regulation of cryptocurrency trading. The recent 'blocking' of bitcoin trading by a certain large commercial bank may signal new tighter regulation"
Here is the link to the piece, like me you may need some assistance from a translation software.
h/t @ruchern_chong via Twitter
Update on BTC following a news-heavy past few hours for it
- Bitcoin drop under $46K on Musk tweet - implies is selling or has sold Tesla BTC
- Has Tesla's Elon Musk declared war on Bitcoin?
