China Reportedly Preparing More Anti-Crypto Policies

Alex Dovbnya

China might not be done cracking down on cryptocurrencies

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Thu, 30/09/2021 - 6:50

China Reportedly Preparing More Anti-Crypto Policies

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According to an article published by the official Economic Daily newspaper, the Chinese government is not done wreaking havoc with the cryptocurrency industry just yet.

The report shared by blogger Colin Wu states that more anti-crypto policies are in the pipeline.

That said, Wu cautions his readers that the article doesn’t necessarily represent the views of the Chinese Communist Party’s officials.

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China stepped up its crackdown on the cryptocurrency industry last week by declaring all crypto-related transactions illegal. This came after all of its major provinces moved to ban Bitcoin mining this summer.

As reported by U.Today, Tesla CEO Elon Musk recently opined that China doesn’t like Bitcoin because it threatens centralized governments.

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About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.