According to an article published by the official Economic Daily newspaper, the Chinese government is not done wreaking havoc with the cryptocurrency industry just yet.
The report states that more anti-crypto policies are in the pipeline.
That said, Wu cautions his readers that the article doesn’t necessarily represent the views of the Chinese Communist Party’s officials.
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Thu, 09/30/2021 - 05:08
Bitcoin Has Replaced Gold, Says Billionaire Chamath Palihapitiya
China stepped up its crackdown on the cryptocurrency industry last week by declaring all crypto-related transactions illegal. This came after all of its major provinces moved to ban Bitcoin mining this summer.
As reported by InkByte, Tesla CEO Elon Musk recently opined that China doesn’t like Bitcoin because it threatens centralized governments.
InkByte Editorial Team
Dan Burgin
