The Chinese blockchain community is on edge as a widely anticipated regulatory crackdown is expected to be announced in a week or so. Some Wechat blockchain groups are being closed down, while rumors are flying about further policy tightening that could make China the most hostile ground for anything cryptocurrency related. At least one “3am Sleepless Wechat Group”, a widely recognized brand name for these types of online chat groups focused on discussions of blockchain and cryptocurrency, was voluntarily closed …

Beijing Reportedly Plans Further Crackdown On Bitcoin, Cryptocurrency To Stamp Out Speculation appeared first on China Money Network.