North Korea is a CCP's vassal state, but it's doing bad economically compared with China.
But to me they are both sick in the same bed --> authoritarian regimes
The CCP doesn't give shit about human rights, nor international law, free speech etc and are becoming more and more assertive.
They just want to be in control of everything, hence BTC can't be controlled, so just ban it.
Democratic newspaper with free speech in Hong Kong could endanger their power and bring out the truth, just ban it.
The silence of the west is demonstrating the shift in power and it's worrisome.
The ccp in general is fucking things up.
https://www.bbc.com/news/business-57549542
This is a big storm, effectively stops any Chinese citizen from having anything to do with BTC at all. So having said that, if the drop we just saw is all they can muster from such a big ban the Chinese FUD is almost finished.
Either the market is becoming desensitized or there are very few remaining Chinese who will sell their coins. From this point on all Chinese BTC activity now goes underground or ceases to exsist. The CCP are really fucking themselves over with this one.
China about to go full North Korea?