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China's market regulators and the Ministry of Public Security said cryptocurrency is "disrupting the economic and financial order, breeding illegal and criminal activities such as gambling, illegal fund-raising, fraud, pyramid schemes, and money laundering, and seriously endangering the safety of people's property."
How will this impact Bitcoin and other cryptoprojects?? What do you think guys?
The impact that is felt, of course, exists, but only Chinese citizens who play crypto are affected, but globally it will have absolutely no impact. China's war on crypto hasn't happened in 1 or 2 days but it's been years, China actually really hopes that other countries can follow in their footsteps to ban crypto but it doesn't happen "Lol