Home Video Bitcoin News 12/8/2017: China’s 107 Altcoins Under Investigation for Financial Crimes

Bitcoin News 12/8/2017: China’s 107 Altcoins Under Investigation for Financial Crimes

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This week China’s official press agency Xinhua news reported that nationwide public security authorities have cracked down on 107 forms of knock-off altcoins in 2017. These coins claim themselves fintech products, but are large-scale Ponzi schemes in disguise, according to the authorities.

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