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China Bitcoin and tech crackdown linked to Evergrande crisis

China Bitcoin and tech crackdown linked to Evergrande crisis



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  1. tldr; China’s recent clampdown on Bitcoin and technology companies is linked to a planned bailout of development giant Evergrande, according to a China-based market analyst. Weston Nakamura, who is Exchange Manager for Real Vision, says he has an “out-of-the-box consipiracy theory” that President Xi Jinping is targeting big tech and the fintech elite to win populist support before using tax payers’ money to save Ever grande from collapse.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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