A Bitcoin ATM in Hong Kong.
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Some crypto holders in China and Hong Kong are scrambling to discover a technique to safeguard their bitcoin and different tokens after China’s central financial institution revealed a brand new doc Friday spelling out harder measures in its wider crypto crackdown, together with souped-up methods to observe crypto-related transactions.
Bitcoin was down as a lot as 6% and ether sunk as a lot as 10%, amid a wider sell-off early Friday, as traders digested the information.
“For the reason that announcement lower than two hours in the past, I’ve already