Smashing Bitcoin: Why China’s Actions Are More of a Blow at Tech Corporations
Today’s weekly New Finance briefing is about repeated blows to cryptocurrencies and why that’s just part of the latest tech industry regulations.
What has been happening on the Chinese stock exchanges for about half a year can definitely be described as a “bloodbath”. Ever more extensive regulations in the tech industry are causing giants like Tencent, Baidu and Alibaba to stumble. This should definitely be put in the context of the current regulation of different crypto currencies in the Middle Kingdom. Since February 2021 …
read more at t3n.de
