- China has banned cryptocurrencies in the country for good, forbidding financial transactions and crypto mining operations. - Chinese nationals working for crypto companies are deemed to be engaging in illegal activity, per the new document. - Crypto companies are restricting access to Chinese nationals. The concept of cryptocurrencies is contrary to governmental beliefs of a fair and equal society. Governments have been imposing cryptocurrency restrictions in order to contend with the growing hegemony cryptocurrencies have in lower social structures. From the outset, China had aimed to suppress cryptocurrencies as they developed, as it was contrary to the state-dominated economy...