China, which brings a new ban on the crypto money industry almost every month, actually causes the industry to be seriously affected by this.
The main goal of China, which has already used its own digital currency, is mostly to use this digital currency and bitcoin It is known that there is a move away from decentralized currencies such as
China Brings New Regulations Against Bitcoin
The Chinese administration stated that all crypto money transactions will be banned in a statement recently, and now it has been learned that this pressure will continue.
According to the information conveyed by the Economic Daily, which is affiliated with the Chinese government, more regulation will come against cryptocurrencies in the coming days.
Colin Wu, who shared the article of the Economic Daily, states that this is the opinion of the media, but it is known that this media source is close to the government.
China’s official Economic Daily: More policies against cryptocurrencies are coming.
— Wu Blockchain (@WuBlockchain) September 30, 2021
Looking at the article, it is stated that the decision taken by the Central Bank of China is emphasized and efforts will be made to eliminate the risks brought by cryptocurrencies.
While it is stated in the article that cryptocurrencies are mostly seen as an easy door to “get rich overnight”, it is also stated that the Chinese government is concerned about the citizens who lose money by falling for this reason.
Although the exact date is not given in the article where it is stated that cryptocurrencies will be regulated more tightly, it may be possible that new regulations will come, especially towards the end of the year. However, the cryptocurrency industry is almost completely banned within China, and finding new bans can be difficult.