I am not sure that the mention to China is accurate, see [0]. Perhaps they're confusing the whole China with one of its regions, Inner Mongolia? [1] Edit: by

I am not sure that the mention to China is accurate, see [0]. Perhaps they're confusing the whole China with one of its regions, Inner Mongolia? [1] Edit: by the way, it seems to me that this is the key part in the article: > The measure is in line with a January government agenda that called for banning private virtual currencies such as bitcoin while building a framework for an official digital currency. I'd read this as India trying to pave the way for a huge adoption of its local digital currency, and therefore banning other crypto might be seen (by govt officials) as the way to go. [0]: https://www.loc.gov/law/help/cryptocurrency/china.php https://www.loc.gov/law/help/cryptocurrency/china.php [1]: https://finance.yahoo.com/news/chinas-inner-mongolia-end-cryptocurrency-102003764.html https://finance.yahoo.com/news/chinas-inner-mongolia-end-cry...