Bitcoin Under Heavy Regulation: Wall Street Institutions Scramble to “Run Away”, Retail Investors Turned into “Receivers” in Seconds

According to the 21st Century Business Herald, on Friday, the State Council’s Financial Stability Development Committee held a meeting to “crack down on bitcoin mining and trading,” which was coupled with the U.S. Treasury Department’s intention to require cryptocurrency transactions of more than $10,000 to be reported to the IRS, causing bitcoin trading prices to suddenly ” The price of bitcoin trading suddenly “turned down” and once fell to near $32,000.