The People’s Bank of China (PBoC), China’s central bank, has announced that all cryptocurrency exchanges and peer-to-peer (P2P) trading platforms on the Mainland have been shut down. However, it appears that the authorities are still conducting a battle against crypto mining, with many enthusiasts said to have gone underground. According to Lanjinger, the PBoC has produced its last quarterly report for the fiscal year 2021, in which it made a variety of assertions regarding the effectiveness of its crypto crackdown, which was implemented in September last year. The authors of the bank report said that domestic “virtual currency trading and...