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Opinion

Elon Musk is the least of Bitcoin's troubles

Beijing calls time on the crypto world's easy days

| China
You may have a tail-wagging-the-dog crisis on your hands.   © Imaginechina/AP

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

If Bitcoin enthusiasts think Elon Musk is ruining their party, wait until they get a load of what China's Yi Gang has in store.

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