China continues its war against cryptocurrency. The country’s central bank has already officially banned the use of cryptocurrency. Now Reuters has reported that a draft document is already ready that will limit or completely prohibit both local and foreign investment in the cryptocurrency industry. And this means that it remains a stone’s throw to a complete ban on cryptocurrency as such. Crypto publishers report that the Development and Reform Commission is awaiting public comment on the list of new restrictions. Most likely, the responses of the population will in no way affect the adoption of the law. If the party does not like cryptocurrency for one reason or another, then it will become almost impossible to work with it in China. At least until a new communist cryptocurrency is launched – stable and controlled. The adoption of the bill will once again affect the situation with the cryptocurrency – most likely, prices will rise again, at least until the fuse subsides. Photo: Jeremy Bezanger