Sentences with phrase «regulatory moves attempt»
MOSCOW (Sputnik)- A steep drop in the value of Bitcoin and other cryptocurrencies is a short - term correction that is useful in the long - term for the market stability as regulatory moves attempt to bring rationale and encourage cryptocurrency prices to reach new records in the future, experts told Sputnik.
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The new guidance is of a piece with other recent regulatory moves China has been making as it attempts to limit the reach of the bitcoin industry — like shutting down local bitcoin exchanges and outright banning ICOs.