China- and Hong Kong-based bitcoin holders scrambling to protect their crypto assets

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A Bitcoin ATM in Hong Kong.S3studio | Getty ImagesSome crypto holders in China and Hong Kong are scrambling to find a way to safeguard their bitcoin and other cryptocurrencies after China's central bank published a new document on Friday spelling out tougher measures in its wider crypto crackdown, including souped-up systems to monitor crypto-related transactions.Bitcoin was down as much as 6% and ether sunk as much as 10%, amid a wider sell-off early Friday, as investors digested the news."Since the announcement less than two hours ago, I have already received over a dozen messages – email, phone and encrypted app – from Chinese crypto holders looking for solutions on how to access and protect their crypto holdings in foreign exchanges and cold wallets," David Lesperance, a Toronto-based attorney who specializes in relocating wealthy crypto-holders to other countries to save on taxes, told CNBC early Friday.Lesperance said the move is an attempt to freeze crypto assets so
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