Recently the Chinese government suddenly became strict with everything Bitcoin/Crypto related, first they banned ICOs and later extended the ban to Chinese bitcoin exchanges.
Bobby Lee who happens to be one of the founders of BTCC , a Chinese bitcoin exchange which was also ordered by the Chinese government to halt bitcoin exchange services in the Money20/20 USA on Tuesday afternoon exposed the plan of the peoples bank of china towards deliberately crashing the price of bitcoin so as to discourage users and investors.
Read More:
https://zycrypto.com/bobby-lee-exposes-failed-plan-china-drop-price-bitcoin/