Financial

China Freezes Bitcoin

Bitcoin fell by more than 73% in less than three weeks as China's government put halts on the conversion of Bitcoin. Watch the video to see more of what happened.

by Equedia1 minute read

China Freezes Bitcoin
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China Freezes Bitcoin

Bitcoin fell by more than 73% in less than three weeks as China’s government put halts on the conversion of Bitcoin. While the China’s central bank may have frozen new yuan deposits into exchange BTC China, its CEO Bobby Lee say the digital currency is far from dead in the world’s most populous nation.

But what’s to come to those with Bitcoins in China? Where’s their money? Has it been seized? Watch this video to learn more.

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