TL;DR Breakdown - China says it will intensify crackdown on cryptocurrencies. - China stiff crypto regulation forces exchanges out of the country. - China rumored to hate crypto because of digital yuan. China has again reiterated its ongoing effort on crypto crackdown. In a statement on Saturday, the People’s Bank of China (PBOC) said it will maintain high pressure on virtual currency trading hype. The PBOC made the crypto crackdown statement after lawmakers in the country gave the apex bank what its priorities are in the other half of 2021. It is an indication that the crypto crackdown could be...