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China state paper urges calm after blockchain stocks, bitcoin soar

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Chinese state media urged investors to remain rational and not equate Beijing&#0...

FILE PHOTO: Small toy figurines are seen on representations of the Bitcoin virtual currency displayed in front of an image of China's flag in this illustration picture, April 9, 2019. REUTERS/Dado Ruvic/Illustration

Xi said last week that China should accelerate the development of blockchain technology, a digital ledger that forms the backbone of many cryptocurrencies such as bitcoin. His remarks sparked a rush into the shares of firms engaged in, or believed to be engaged in blockchain or digital currency-related businesses.

“The rise of blockchain technology was accompanied by that of cryptocurrencies, but innovation in blockchain technology does not mean we should speculate in virtual currencies,” it said.

 

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bitcoin 又给自己加戏

. Translation: 冷靜下來，否則警察將實施戒嚴令並殺死持異議的公民。

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