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The crackdown on Bitcoin is to..........>

CHINA PRESS
CHINA PRESS: The crackdown on Bitcoin is to prevent risks and maintain the
security and stability of China's financial system, the Financial News, a
journal run by the People's Bank of China, said Tuesday. Virtual currencies,
including Bitcoin, challenge the currency issuance rights of sovereign
countries, it said. Denationalizing the issuance of currency is impossible.
Virtual currencies are becoming tools for money laundering, drug trafficking,
smuggling and illegal fund-raising, the commentary said. China authorities are
studying its own sovereign digital currency. (Financial News)

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