November 22, 2019 6:15:52 pm
Bitcoin slumped to a six-month low on Friday after China’s central bank launched a fresh crackdown on cryptocurrency, warning of the risks from issuing and trading digital coins.
Bitcoin, the world’s biggest cryptocurrency, fell 9 per cent to $6,929, its lowest since May, and was last down 6 per cent at $7,134.
The People’s Bank of China’s Shanghai headquarters had said it would tackle a resurgence of illegal activities around virtual currencies, cautioning investors not to confuse crypto with blockchain technology.
📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines
- The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.