Did china ban crypto currency

did china ban crypto currency

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Why Does China Keep Banning Bitcoin?
The country is now pushing their own digital yuan currency, and trying to make it more widely available to consumers. Clarification, January. China's bitcoin mining ban devastated bitcoin. It's been two years now - and Bitcoin and the hash power built on securing it is stronger. Crypto is illegal in China as of September Crypto is still in its infancy as far as currencies go, so it's difficult to say what will happen in the future.
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  • did china ban crypto currency
    account_circle Nikolabar
    calendar_month 06.08.2021
    You, casually, not the expert?
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Ethereum price down today

It has weighed creating its own CBDC and is participating in cryptocurrency regulatory development efforts. Cryptocurrency mining, as an industry, continued to grow throughout and Cryptocurrency was accepted as payment for services as early as In the working paper, the central bank states that it considers anonymity necessary for small transactions; however, it will retain the ability to conduct anti-money laundering operations and counter the financing of terrorism through monitoring, reporting, and investigating.