China said to escalate crackdown on cryptocurrency trades

bitcoin
A collection of bitcoin tokens sit in this arranged photograph in London, U.K., on Tuesday, Jan. 9, 2018. On Wednesday, billionaire Warren Buffett said on CNBC that most digital coins won't hold their value. Photographer: Chris Ratcliffe/Bloomberg

China is escalating its clampdown on cryptocurrency trading, targeting online platforms and mobile apps that offer exchange-like services, according to people familiar with the matter.

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