D -8408.35% in 1 Year Amid Regulatory Clampdowns
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最新报道：China's cryptocurrency crackdown has intensified over the past year, with authorities shutting down mining operations and banning crypto trading. Since September 2021, regulators have closed over 35 major crypto-related businesses, citing financial risks and energy concerns. The moves align with China's broader push to promote its digital yuan while curbing speculative assets. Bitcoin mining, once concentrated in China, has largely relocated overseas following the bans. Analysts note the crackdown has reduced China's share of global Bitcoin mining from 65% to near zero, though some underground operations persist. The strict policies contrast with more open crypto frameworks in Hong Kong and Singapore.
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