– China banned cryptocurrency in China for good. It forbade financial transactions as well as crypto mining operations. – According to the document, Chinese nationals who work for crypto-companies are considered illegal. – Chinese citizens are being restricted by crypto companies. The idea of cryptocurrencies goes against the government’s beliefs about a just and equal society. To counter the increasing hegemony of cryptocurrency in lower social systems, governments have imposed restrictions on cryptocurrency. China tried to restrict cryptocurrency development from the beginning, because it was incompatible with the Chinese government’s state-dominated economy. China banned cryptocurrency for good. 19th Time’s the…