I really don't understand why the mainstream media, let alone the supposedly pro-decentralisation crypto media, is so against China 'banning' Bitcoin.

They're an authoritarian government... Of course they are banning a permissionless, decentralised monetary system they can't control.

Why is this even news?

Bitcoin is literally designed to undermine authoritarian governments such as the CCP.

But by banning the decentralised Bitcoin at home, it will do nothing to discourage its growth and entrenchment throughout the rest of the world and eventually will come back to bite them.

Bitcoin is doing its job.

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