china cryprocurrency

South Korea Responds After China Launches Cryptocurrency Exchange Restrictions

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Following China’s statement of new restrictions and regulations they are placing on Bitcoin, which sent cryptocurrency exchanges tumbling, South Korea responded by rolling out their own restrictions. On June 13th, 2021, The Korea Times reported South Korea’s Financial Services Commission (FSC) released a public statement that would force banks to classify clients with cryptocurrency in …

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Bitcoin and Other Cryptocurrencies Tumble as China Issues Crackdown Statement

FY Minute / By Oliver Loutsenko

This past Friday May 21st, 2021, Bitcoin and other cryptocurrencies crashed as a result of China’s statement that same day, cracking down on Bitcoin mining and trading of cryptocurrencies. Chinese Vice Premier Liu He and the State Council issued a statement citing concerns over the cryptocurrencies mining and trading risks to China’s national economy. The …

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