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Crypto Market's Overreaction to Xi's Blockchain Remark Prompts Tougher Crackdown

The market’s overreaction to President Xi’s praise of blockchain technology has prompted another crackdown, dashing hopes for a crypto-friendly China.

Updated Sep 13, 2021, 11:44 a.m. Published Nov 25, 2019, 4:50 p.m.
Chinese President Xi Jinping
Chinese President Xi Jinping