On Feb. 4, the People’s Bank of China (PBOC) stated that it would maintain a high-pressure crackdown on crypto speculation. The statement indicates that PBOC held a video conference on March 1 regarding financial market work, mapping out regulatory priorities for the country in the coming year. The meeting involved heads of local banks, the National Internet Finance Association of China, foreign currency settlement, and clearing services providers. On Thursday, China’s central bank also announced that Bitcoin transactions from the nation had plunged to 10% from 90% of total global transactions. Last month, the country’s supreme court warned anybody participating...