Early Crypto Mogul Says China Crackdown May Lead to Outright Ban

Bobby Lee says Beijing may try to ban cryptocurrency holdings
Former exchange CEO still sees big long-term gains for Bitcoin

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WATCH: Ballet Founder and CEO Bobby Lee, discusses China's crackdown on crypto currencies, and suggests it may lead to a ban in the future. (Source: Bloomberg)

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By Bloomberg News

July 25, 2021 at 9:00 PM UTC

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China’s crackdown on cryptocurrencies will probably intensify and may even lead to an outright ban on holding the tokens, according to Bobby Lee, one of the country’s first Bitcoin moguls.

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