Quote from: VanguardVale on September 24, 2021, 10:30:19 AM

China’s central bank said all cryptocurrency-related transactions are illegal and must be banned,

By the look of things, they're allowed to hodle what they already have ^{[as long as they don't use it for their transactions]}.
^{- I wonder how they're going to deal with decentralized exchanges?}

Quote from: VanguardVale on September 24, 2021, 10:30:19 AM

The Chinese government may also be responding to signs that miners are disguising their activities to stay in business.

I was surprised to see such moves are still being made in China... It doesn't take a genius to distinguish a normal data center from one that does other stuff ^{[all it takes is a single visit]}!

Quote from: stomachgrowls on September 24, 2021, 07:28:17 PM

its just sad to look at though on how they do perceive or view on things.

All of this is just because of their own CBDC!

Quote from: IconFirm on September 24, 2021, 08:16:25 PM

It's only a matter of time before they realise their mistake & do a huge U-Turn.

They want to have full control and that's exactly the opposite of what a "U-turn" move would achieve.