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China- and Hong Kong-based bitcoin holders scrambling to protect their crypto assets
Some crypto holders in China and Hong Kong are scrambling to find a way to safeguard their bitcoin and other cryptocurrencies after China’s central bank published a new document on Friday spelling out tougher measures in its wider crypto crackdown, including souped-up systems to monitor crypto-related transactions. Bitcoin was down as much as 6% and ether sunk as much as 10%, amid a wider sell-off early Friday, as investors digested the news. “Since the announcement less than two hours ago, I have already received over a dozen messages – email, phone and encrypted app – from Chinese crypto holders looking for ... (full story)
