China Busts US$5.7 billion Cryptocurrency Fraud
Beijing dares swindles in promoting blockchain currencies
By: Toh Han Shih
For Chinese leaders, cryptocurrency has become a double-edged sword. The Chinese government is promoting its own digital currency while being forced to crack down on cryptocurrency fraud that this week produced arrests in one of the world’s biggest bitcoin scams.
In April, Beijing announced its plans for a sovereign cryptocurrency, the D…
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