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China was right to ban cryptocurrencies, says billionaire Warren Buffett partner

December 4, 2021
Source: playcrazygame.com playcrazygame.com
News Snapshot:
Charlie Munger, a large billionaire investor and vice president of Berkshire Hathaway, has again criticized cryptocurrencies such as bitcoin (BTC), while supporting China’s decision to ban much of the country’s crypto-related activity. “The Chinese have made the brokerage decision, which is to just ban them,” Munger said at the Sohn Hearts & Minds Investment conference in Sydney, according to the Australian Financial Review. This year, China introduced a massive crackdown on the crypto industry, forcing large bitcoin mining operators out of the country. Crypto trading and other activities related to cryptoactives have also been banned in China, resulting in a...
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