Huobi Asset Management Raises $50M for Crypto ‘Tracker’ Funds
The four funds will buy bitcoin, ether and equity in crypto or mining firms.
Big Chinese miners are likely to survive the crackdown.
The crackdown notice from the State Council has sent shockwaves across the crypto industry in China.
“Central banks are considering a variety of [multi-CBDC] arrangements,” BIS researchers wrote.
China’s reiterated crypto ban sharpens the focus on the financial sector.
Tightening regulations have unnerved some crypto miners in China.