The People’s Bank Of China Has Ordered All Financial Institutions To Cut Cryptocurrency -Related Services. READ FULL DETAILS HERE: https://worldpublicityblog.com/index.php/2021/06/25/the-peoples-bank-of-china-has-ordered-all-financial-institutions-to-cut-cryptocurrency-related-services/
Which time is China wanting to ban Bitcoin? Nothing will happen, and in a few months, China will change its policy and start liking Bitcoin or even finally launch its own cryptocurrency. Or maybe this is just preparation for introducing their own digital currency ?! Nothing in this country will surprise me when it comes to their politics. I would not be surprised even if they themselves intended to invest in cryptocurrencies and for this they cause price drops.
Of course, first of all, the Chinese government, before officially launching its digitized yuan, begins to get rid of possible competitors, which are cryptocurrency. Therefore, it is no coincidence that the topic of high energy consumption when mining bitcoin began to be raised once again, and then, in general, the restriction and prohibition of the circulation of cryptocurrency, which is expressed in the fact that all state financial and other bodies do not provide any services in cryptocurrency. It was worth expecting and especially expecting such a step from the Chinese government, which has always chosen its own way of developing its economy. Moreover, it should be noted that it does this not unsuccessfully.