Chinese government started an unexpected but overall ban on crypto. Finally, by September 24, 2021, China declared all crypto-related activities illegal including payment, mining, and investment and also including trading.
Chinese government started an unexpected but overall ban on crypto. Finally, by September 24, 2021, China declared all crypto-related activities illegal including payment, mining, and investment and also including trading.
Around the same time as the ban, China was officially developing its own official version of digital currency, named the digital yuan. China also committed to reducing its country wise Electric consumption and thus improving its environmental impact.
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If you are interested, Please read my full blog post below!
Link - https://inleo.io/@mango-juice/china-and-its-complex-relation-with-cryptocurrency-2vk
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