The annual spring rains have brought plentiful changes in China this year. The Chinese Communist Party, CCP has declared a war on cryptocurrencies and stands in the process of banning them countrywide. While the dynamic emerges puzzling at first, evidence suggests that the CCP understands the power of cryptocurrency and blockchain technology, and wants to ensure it controls the deployment of power as much as possible to meet its monetary goals. The CCP has eternally retained a tough stance on cryptocurrencies, however, its displeasure stood limited to on-paper restrictions only. But during May of 2021, Chinese Vice Premier Liu eventually…