What he meant "China want to control everything" is the CCP intervening businesses in the country. JackMa for example wants to hold IPO for the Antgroup and then CCP, stopped it whereby we as outsiders of China are not able to participate.
and how many mining farms have gone public on america's nasdaq
you will find that the ones that are listed. they are not actually applying as 100% mining company. but termed on the application as vague services to get around certain application restrictions american SEC has
EG
https://www.investopedia.com/markets/quote?tvwidgetsymbol=CANCanaan, Inc. provides computing solutions to solve problems. Currently, the firm is focused on the research and development of technology, including such areas as AI chips, AI algorithms, AI architectures, system on a chip (SoC) integration and chip integration. It also provides a suite of AI service solutions. The company was founded by Li Jia Xuan, Liu Xiang Fu and Zhang Nan Geng in 2013 and is headquartered in Beijing, China.
we know canaan is into bitcoin mining and is their main income stream. but sssshhhh, the SEC accepted them as a nasdaq listed company for its 'computer solutions' and 'ai research' descriptor
take all the ETF applications american SEC has received over the last half decade. we are still waiting for s single one to get accepted.
i remember half a decade ago bitmain was playing the same game by talking about themselves as a semiconductor company doing research in AI to get passed a few issues china had.
by changing to define themselves as a cryptocurrency mining group doesnt play well in multiple countries.
where as sticking with 'semiconductor' and 'ai' does allow them some recognition and acceptance
Would you say China's government did it better than any government after banning BTC mining? Or would they come up with a regulation one day?
I don't see situation like holding money withdrawals from banks only happens in China, it happens everywhere even in Canada.
well UK/america banned/prohibited multiple drugs and it took about 100 years to then licence/permit public use
well UK/america banned/prohibited alcohol and it took multiple years to then licence/permit public use
so i wont consider a licence/regulated use situation to be a 'never gonna happen' story
but we cant tell how long exactly it might take for them to sort out a path to be able to regulate/police crypto where it cant be abused and unpunished for those that go to extremes of using it maliciously (stealing electric/scammers/hackers/etc)
