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Fintech

Bitcoin suffers effects of US, China crypto crackdown in volatile quarter

Bitcoin came under one of the most intense regulatory crackdowns in its brief history during the third quarter, choking off attempts by traders to lift the digital currency out of its steep spring selloff.

The governments of the two largest economies in the world took direct aim at bitcoin and the cryptocurrency market. In the US, agencies like the Securities and Exchange Commission have promised a crackdown on the sector.

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