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China's top regulators ban crypto trading and mining, bitcoin stumbles

China's most powerful regulators on Friday intensified the country's crackdown on cryptocurrency with a blanket ban on all crypto transactions and crypto mining, hitting bitcoin and other major coins and pressuring crypto and blockchain-related stocks.

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China

China · 11:27 AM UTC

Evergrande's billionaire boss exuded calm as crisis grew

Mingling with power brokers at celebrations to mark the centenary of the Chinese Communist Party on July 1, a beaming Hui Ka Yan showed no signs that his company, China Evergrande , was facing mounting pressure with debt repayments.

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