China’s Malice towards Crypto leads to Deterioration of Bitcoin Economy

China’s Malice towards Crypto leads to Deterioration of Bitcoin Economy

Bitcoin was received with utmost warmth by China when it was introduced as the world’s first decentralized currency. Its stance however on the digital currency has changed completely since then. This change can be accredited to the governments’ dislike of decentralization that bitcoin can bring to financial transactions within the country and overseas as well.