Friday, 24 March, 2023

China’s crypto crackdown brings Bitcoin transactions in country down to 10%

<p>China&rsquo;s central bank announced that Bitcoin transactions have been brought down to just 10% from the 90% of worldwide transactions. The drastic change was due to Beijing&rsquo;s efforts in cracking down on crypto trading and mining over the last decade. With this, China aims to restore its domestic financial market and avoid illegal activities like online peer-to-peer lending and fundraising without appropriate licenses.&nbsp;</p>