China has nipped Bitcoin in the bud

Bitcoin will remain reasonably popular with investors in China, but regulators have ensured that its growth will be stunted.

In the year 2000, Bill Clinton famously quipped that trying to control the internet in China would be like "trying to nail Jello to a wall".

Fourteen years later and, for the most part at least , the Chinese government has managed to pull off what was then deemed impossible and make it stick.

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