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Why China Is So Afraid Of Cryptocurrencies

Why China Is So Afraid Of Cryptocurrencies

The Chinese state has chosen to embrace blockchain while trying to limit cryptocurrencies as much as possible, with state regulators seeking to make sure the average Chinese citizen has no access to cryptocurrencies. This has led to a strange world where the Chinese state censored posts against blockchain while the Chinese central bank voiced its will to “clamp down on cryptocurrency trading.”




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