Two stories three years apart.
The journal is WSJ, the author is Chao Deng, and here are his two pieces.
China Cracks Down on Bitcoin, April 1, 2014 10:15 a.m. ET
China's central bank has ordered the country's commercial banks and payment companies to close bitcoin trading accounts in two weeks, according to people with knowledge of the matter, dealing another blow to the virtual currency.
Bitcoin prices are down roughly 8% since the new rules were first reported in financial publication Caixin last week. The rules affect more than a dozen bitcoin exchanges, and are a further tightening of regulations the central bank put in place last year. The accounts must be shut down by April 15, the people said.
China to Shut Bitcoin Exchanges, Sept. 11, 2017 8:16 p.m. ET
BEIJING—Chinese authorities are preparing to shut down the country’s bitcoin exchanges, according to people familiar with the matter, reflecting a growing unease with the virtual currency and its recent surge in value.
After a Chinese news organization Friday reported on China’s commercial-trading ban, Bitcoin slid around 10% to $4,186, from levels above $4,600 on Thursday, according to research site CoinDesk. It has hovered around that level since, closing Monday at $4,211.
No comments. But wouldn't it be interesting to know why both times Bitcoin is gaining success there's a media magnate trying to kill it with fud?