Regulators in China are tightening their grip on industries at a dizzying pace — ratcheting up pressure that’s spared few sectors. Driving the news: The country’s most powerful regulators banded together for the first time to outlaw all cryptocurrency activity on Friday, Reuters reports — intensifying its years-long war. One reason for the move: To stamp out competition to its own digital currency before a potential rollout next year, Nikkei Asia reports . Think of it like "Beijing bulldozing an apartment building so they can build a new superhighway," the Atlantic Council's Josh Lipsky tells Axios. It’s not just crypto:...