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U.S. vs. China Battle Is at Its Peak: Here’s Why Chinese Crypto Ban Was Ignored by Market

September 28, 2021
Source: elevenews.com elevenews.com
News Snapshot:
Massive restrictions and control may be followed by the regulator’s wish to implement its own digital currency The anti-crypto agenda being pushed by the Chinese government does not necessarily mean that China is looking forward to killing the industry as a whole. But instead, it may be trying to contain the rapidly evolving industry in order to compete with the U.S., according to a Bloomberg article . After restrictions on cryptocurrency transactions in the country, China has joined the list of countries that are not happy about cryptocurrency transactions being used by their citizens. In comparison, countries like El Salvador...
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Tags: ban | bank | Bank of China | bitcoin | blockchain | Bloomberg | boycott | China | Chinese | crypto | cryptocurrency | currency | digital | E-CNY | finance | financial | fintech | government | IT | Latin America | legal | Renminbi | United States | War | Yuan

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