Early Crypto Mogul Says China Crackdown May Lead to Outright Ban

  • Bobby Lee says Beijing may try to ban cryptocurrency holdings
  • Former exchange CEO still sees big long-term gains for Bitcoin
WATCH: Ballet Founder and CEO Bobby Lee, discusses China's crackdown on crypto currencies, and suggests it may lead to a ban in the future. (Source: Bloomberg)
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China’s crackdown on cryptocurrencies will probably intensify and may even lead to an outright ban on holding the tokens, according to Bobby Lee, one of the country’s first Bitcoin moguls.