Does this people ever stop talking about cryptocurrency? Lol. Every single day I go online there is always news on China and cryptocurrency
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Well, they are doing the right thing by implementing these new rules and doing their best to keep things under control. It's not every government that has such time for cryptocurrency or looking into it. Good to see that China is taking it seriously, I hope they allow their citizens to start making use of cryptocurrency, because from what I've heard, people are trading underground there. I have also seen news that they are going to allow mining of Bitcoin, not sure as to whether this is true.
Just like countries in the developing world, none of their governments are putting interest in cryptocurrency. Basically, when countries think about regulation, it will end up more adoption of cryptos among its citizens. China, in my observation, is moving toward a full fledged crypto country status due to its government intentionally or unintentionally.