Early crypto mogul says China crackdown may lead to outright ban


Bitcoin mogul Bobby Lee warns that when the popularity and price of Bitcoin soars the cryptocurrency may face bans in China. — Bloomberg

China’s crackdown on cryptocurrencies will probably intensify and may even lead to an outright ban on holding the tokens, according to Bobby Lee, one of the country’s first Bitcoin moguls.

Lee knows what it’s like to be on the wrong side of Beijing: He sold BTC China, the nation’s first Bitcoin exchange and at one point the second biggest worldwide, in the aftermath of a crackdown in 2017.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Apple is trying to sell loyal iPhone users on AI tools. Here's what Apple Intelligence can do
Looking for new activities? Google wants you to turn to its navigation app
Will LinkedIn's AI HR assistant select the right candidates?
Staring at gadgets while in bed? You may get cross-eyed, warn experts
Voting rights groups worry AI models are generating inaccurate and misleading responses in Spanish
Nvidia to take Intel's spot on Dow Jones Industrial Average
U.S. regulators raise questions about siting data centers at power plants
Exclusive-Walt Disney forms business unit to coordinate use of AI, augmented reality
Crypto ETFs see big inflows ahead of U.S. election, traders brace for volatility
Apple to invest up to $1.5 billion in Globalstar for satellite coverage expansion

Others Also Read