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[ElPaule]

there are some news from China, where the People Bank of China actively cleansing some companies for their involvement into crypto. There are rumors that one of the affected company is a mining hardware company, which sounds logic, since the measures has been applied in the district of Shenzhen, the major hardware hub for Chinese mining activities. There is still no clear confirmation how many companies are involved, what was the business of this companies and how did the cleaning looks like.

But one thing is clear the communist party will not tolerate any crypto activity anymore.

 

[Josemendez]

I am saddened whenever I witness cryptocurrency restrictions because it denies those citizens affected opportunity to create passive funds for themselves.

 

[Niftyicon]

Cryptocurrencies use seems to have come to an end in China for now. Maybe when the digital yuan is well established, it may be reconsidered.

 

[Mariappa45]

We are simply fade up with China cryptocurrency abolishment. Cryptocurrency is simply above them, their rejection isn't devaluing anymore. They aren't wanting anymore.

 

[Wisdom01]

This is really bad , cryptocurrency have its importance, they could generate more revenue from those companies instead of banning cryptocurrency mining just like that , and stopping their operation

 

[Brain]

I am saddened whenever I witness cryptocurrency restrictions because it denies those citizens affected opportunity to create passive funds for themselves.

This. Is just the absolute truth I don't even get the denial an investment comes with it's own risks so why is crypto currency made to look evil than others. Everyone need a fair grounds to invest.

 

[Josemendez]

Cryptocurrencies use seems to have come to an end in China for now. Maybe when the digital yuan is well established, it may be reconsidered.

I think by then they will be very late because most of the coin will be twice their current price and this will surely be an issue for the system .