China's financial stability committee calls for crackdown on bitcoin mining and trading activities

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China will crack down on bitcoin mining and trading activities in its bid to fend off financial risks, the Financial Stability and Development Committee said in a meeting chaired by Vice Premier Liu He on Friday.

The country will fiercely crack down on illegal activities in the securities market, and maintain the stability of stock, bond and forex markets, the committee said in the same statement.

China will maker its prudent monetary policy flexible, targeted and appropriate, while keep the yuan exchange rate largely stable at reasonable and balanced levels, it added.

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