China is proving that government actions anywhere have the power to destroy cryptocurrencies.
They have the power to send the prices low but they can't destroy cryptocurrencies utterly.
What's really Chinas stance on cryptocurrencies because we have always heard about this old news for over 5 years now!!
Just another fud to manipulate the market again. Aren't we guys used to this typical news that we've been hearing for so many times? the market has to correct on their eyes so that they can buy those bitcoins that has been sold by panic sellers.
I know it might be extreme thinking but what if all governments ban btc mining. Can they that? specially now that we are seeing they move towards cbdc. Wouldnt a global btc mining ban be very bad to all of us?
They can ban mining but are they going to wholly stopped those miners? no. They'll do everything to continue what they've started even if it means to mine cryptocurrencies in a dungeon.