Highlight of the week: China's cryptocurrency industry is still panicking in huge uncertainties. A lot of mining machines began to be sold, and the price dropped by 30%. Inner Mongolia quickly introduced policies, but Xinjiang and Sichuan are still discussing. The official media began to criticize highly leveraged derivatives, and Chinese exchanges have to draw a clear line with Chinese investors.
China crypto news of the week (May 24 to May 31)
China crypto news of the week (May 24 to May…
China crypto news of the week (May 24 to May 31)
Highlight of the week: China's cryptocurrency industry is still panicking in huge uncertainties. A lot of mining machines began to be sold, and the price dropped by 30%. Inner Mongolia quickly introduced policies, but Xinjiang and Sichuan are still discussing. The official media began to criticize highly leveraged derivatives, and Chinese exchanges have to draw a clear line with Chinese investors.