China's blockchain-related stocks fall as Beijing tightens regulation

Bitfire group

22/06/2021 03:00

** Shares in China's digital currency and blockchain-related
firms fall as Beijing further tightens its grip on
cryptocurrency trading 
    ** China's central bank said on Monday it had recently
summoned some banks and payment firms, including China
Construction Bank  601939.SS  and Alipay, urging them to crack
down harder on cryptocurrency trading  urn:newsml:reuters.com:*:nL2N2O30O5   
    ** Bitcoin touched to a two-week low in the previous session
 urn:newsml:reuters.com:*:nL2N2O30H9 
    ** HK-listed Okg Technology Holdings Ltd  1499.HK , an
affiliate of crypto exchange OK Coin, drops 4.1%
    ** Huobi Tech  1611.HK , an affiliate of crypto exchange
operator Huobi, tumbles 16%, while BC Technology Group  0863.HK 
and Meitu Inc  1357.HK  fall 1.4% and 1.6%, respectively  
    ** On the mainland, SI-TECH Information Technology Co Ltd
 300608.SZ , Beijing Philisense Technology Co Ltd  300287.SZ 
and Jiangsu Shuangxing Color Plastic New Materials Co Ltd
 002585.SZ  decline between 4.5% and 6.2% 
    ** The People's Bank of China's meeting comes after China's
State Council, or cabinet, last month said it would tighten
restrictions on bitcoin trading and mining; Beijing has sharply
ratcheted up its campaign in the last few weeks  urn:newsml:reuters.com:*:nL2N2N81JF 
    
    

 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))