Asia crypto sector stays confident despite China regulatory curbs

Crackdown creates opportunity for better standards, some say

20210702 bitcoin

Bitcoin peaked at $64,289 in April but has recently traded below $30,000. © Reuters

FRANCESCA REGALADO and MICHELLE CHAN, Nikkei staff writers

TOKYO/HONG KONG -- After a period of explosive growth, the tide appears to be turning for bitcoin and other cryptocurrencies as financial watchdogs tighten oversight of the digital asset market.

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