A recent article reported that China's outlawing of crypto transactions backfires: more Chinese are turning to underground projects and decentralized exchanges without the CCP's control. Do you see global implications for the crypto market?
Trying to send its citizens back to the stone age era was never the answer for this. Crypto is here to stay and am sure the government ( CCP) were very much aware that there was a possibility of this going underground should they use their authoritarian style. For all I see is a missed opportunity to leverage the technology in their favor or perhaps find ways to tax and grow its revenue streams.