Crypto’s Dream of an Embrace by China Gets a Reality Check

(Bloomberg) -- A shakeup at China’s central bank has poured cold water on speculation that the nation may be about to loosen a ban on digital-asset trading.Most Read from BloombergTesla and BYD Post Record Sales on Surge in Electric-Car DemandIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnFrench Riots Begin to Abate Even as Economic Costs MountSingapore’s Star Banker Creates a Succession Dilemma for DBSIndustry executives including Circle Internet Financial Ltd. Chief Executive J