Skip to content
Subscriber Only

Early Crypto Mogul Says China Crackdown May Lead to Outright Ban

  • Bobby Lee says Beijing may try to ban cryptocurrency holdings
  • Former exchange CEO still sees big long-term gains for Bitcoin
Bloomberg business news
WATCH: Ballet Founder and CEO Bobby Lee, discusses China's crackdown on crypto currencies, and suggests it may lead to a ban in the future. (Source: Bloomberg)

Follow @crypto Twitter for the latest news.

China’s crackdown on cryptocurrencies will probably intensify and may even lead to an outright ban on holding the tokens, according to Bobby Lee, one of the country’s first Bitcoin moguls.