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China shuts down 90% of crypto miningChina's most powerful regulators on Friday intensified a crackdown on cryptocurrencies with a blanket ban on all crypto transactions and. In , China shut down local cryptocurrency exchanges and banned so-called initial coin offerings (ICOs), a way to raise money for crypto. People's Bank of China, the country's central bank, has blocked 10 addresses for downloading crypto exchange apps, one crypto trading app and