The Chinese government is planning another clampdown on trading in cryptocurrencies. According to anonymous “people familiar with the matter”, the government is planning to block access to online platforms and mobile applications that offer “exchange-like services” - both local and offshore. The description, however, is quite vague and it is not clear what exactly the authorities mean. Authorities will also target individuals and companies that provide market-making, settlement and clearing services for centralized trading. Small peer-to-peer transactions aren’t being targeted, they said.
Although I am Chinese, I must say I hate patriotism and nationalism. And I am sick and tired of the tricks of those politicians
When a billion chinese lose all their money trading crapto, the govt will have to feed them better to stop them in their tracks