US, China regulators have a problem with bitcoin. Hong Kong, Singapore may have solutions – South China Morning Post

US, China regulators have a problem with bitcoin. Hong Kong, Singapore may have solutions – South China Morning Post

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China’s warning earlier this month that it intended to curb bitcoin trading and mining was the latest indication that the world’s growing army of cryptocurrency backers face bigger headaches than Elon Musk changing his tune and saying Tesla would no longer accept it as payment.The Chinese Vice-Premier Liu He and the State Council said it was necessary to crack down on bitcoin mining and trading behaviour to “resolutely prevent the transmission of individual risks to the social field”.Bitcoin…Read More

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