RE: China Puts On Harsh Sentences For Bitcoin Fundraising
1 yr
0 Min Read
45 words
I think China is only protecting their global supply chain because many small ventures had established using crypto wallets for payments, which was negatively affecting fiat currency to devalue, and to curb the problem China had to go with harsh measures.
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How private individuals fund certain projects should have nothing to do with capital outflows, how is funding local initiatives capital outflow? This is about them not wanting capital redirected to messaging and ideas that are not CCP approved and to quell any dissonance.
Even if your case was the reality that is still the choice of people in the market acting rationally, who needs protection if the individual themselves is making the decision?
Well, every country has its own policies for monetary well being and to control how funding should come to legit organizations. But, I think China may eventually go for regularization of Crypto when it comes to digital Yuan.
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