– The People’s Bank of China has stated that its crackdown on virtual currencies has been achieved and is now under normalized supervision. – The mission for the remaining months of the year is to “maintain” the status quo which is a hint that the sector may not see any major regulatory actions in the near future. – In 2021, China upped its desire in regulating cryptocurrencies that severely affected mining and the prices of cryptocurrencies around the world. China occupies a central role in cryptocurrencies thanks to its staggering hash rates and large population and if the country sneezes,…