When Chinese government ban crypto mining and all related activities, bitcoin slumped overnight. Not only bitcoin suffer the effect, other coins also suffer serious loss of value. Crypto enthusiasts and investors lose billions of dollars due that effect. Now, cryptocurrency has survived the effect and a lot of people have regain their trust on crypto. Not only individuals and organizations but countries. A lot of countries are giving assurances that they will not ban cryptocurrency but will regulate. That is a good sign that cryptocurrency is the currency of the future.
As it stands, it seems China have shot herself on the foot. There is possibility that the government is regretting their action and may be planning to reverse the ban. Now, my question is do you see the possibility of Chinese government reversing the ban? What is your take on this?
As it stands, it seems China have shot herself on the foot. There is possibility that the government is regretting their action and may be planning to reverse the ban. Now, my question is do you see the possibility of Chinese government reversing the ban? What is your take on this?