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2021-07-06

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Bitcoin Swings as China Regulators Punish Company Over Crypto

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As of 6:26 a.m. in New York it was up 0.3% to $33,969.</p>\n<p>Financial and payments institutions should not directly or indirectly provide virtual currency-related services, the PBOC and the Beijing regulator said in a statement, adding that institutions should not provide locations, marketing, promotion and display services to virtual currency-related businesses.</p>\n<p><img src=\"https://static.tigerbbs.com/de56f6bcf9fc982c6aded31ba96611c1\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>China has increased its focus on the cryptocurrency industry, adding restrictions on mining, trading and other services, as well as issuing cautions to entities like banks that might facilitate such transactions. 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