Sentences with phrase «shuttered local cryptocurrency»
That comes after the price of bitcoin shot as low as about $ 3,000 in mid-September, after Chinese authorities shuttered local cryptocurrency exchanges, while J.P. Morgan CEO Jamie Dimon dubbed bitcoin a «fraud.»
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The embracive stance toward blockchain technology is in stark contrast to China's crippling curbs against local cryptocurrency markets which has seen initial coin offerings (ICOs) outlawed and crypto exchanges phased out to effectively shutter domestic trading markets.