The Digital Source For China's Tech Innovation Since 2000

Why The West Can’t Ban Bitcoin The Way China Did

September 25, 2021
Source: nationandstate.com nationandstate.com
News Snapshot:
[Authored by Mark Jeftovic via BombThrower.com,] Only a complete “dictatorship of the proletariat” can kill Bitcoin Evergrande is being called China’s “Lehman moment” and overnight the PBC closed the loop on their clampdown on crypto with a total ban on virtual currency transactions. For those paying attention, however, China isn’t just moving against crypto, they’ve been bringing their entire technology sector to heel. They also stated that it is time to redistribute wealth from the top tier of the nations wealth holders to the rest of the peasant class. This isn’t a return to their Communist roots as much as...
Go To Original Source →
Tags: agriculture | Australia | author | bitcoin | blockchain | boycott | Canada | China | Chinese | communist | Covid-19 | crypto | currency | democracy | Economy | Elections | fintech | France | investment | Marxism | stocks | technology | Uighur | Vaccine | Xinjiang

Other Related News:

Australia's economy is a basket case again. Will Jim Chalmers take it on?

May 12, 2025

India and Pakistan's fragile ceasefire only the first step to tackling deep, acrimonious conflict

May 12, 2025

Trump 'to accept luxury Palace in the Sky Boeing 747-8 jumbo jet from Qatari royals' in most expensive gift ever to US

May 12, 2025

Canadian telecom firms blame immigration policies for mobile subscriber slowdown

May 11, 2025

Trump will destroy world trade, but democracies can defend themselves – and each other

May 11, 2025

MedicAlert introducing technology that will allow 911 dispatchers to access records

May 11, 2025

The iPhone 16 Pro Max has changed the way I think about fast charging

May 11, 2025

The big idea: could the English language die?

May 11, 2025

Why women are choosing to be celibate or ‘boy sober’

May 11, 2025
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2025 ChinaTechNews.com. A Service of Asia Media Network.
Twitter