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Hasn't the CCP been pretty adversarial to cryptocurrency?
by VWWHFSfQ 4y ago
Hasn't the CCP been pretty adversarial to cryptocurrency?
- DANmode 4y agoDepends on if you mean officially or unofficially, from what I can gather.
- snacktaster 4y agoChina has outright banned it at various times. USA has taken legal stances against things like tornado cash, but never anything close to the broad strokes of banning that the Chinese government has done. If anything the slowness and deliberateness of USA regulators to respond has enabled the entire worldwide crypto economy to flourish. So China is now going to "roll out the red carpets" for crypto exchanges? Yeah right.
- wnevets 4y ago> So China is now going to "roll out the red carpets" for crypto exchanges? Yeah right. The "this is good for bitcoin" crowd never ceases to entertain.
- cherioo 4y agoCCP doesn’t want crypto due to risk from capital flight and monetary control in China. Hong Kong has no such risks given its freer capital control. The only thing non-free that CCP care is speech.
- bobthepanda 4y agoWell, HK is also a conduit of money entering and leaving China, so if people start using crypto for that then China will crack down, the same way they cracked down on the Macanese money-laundering via casinos.
- anonymouskimmer 4y agoWhen used by their own citizens.