China bans crypto every year.. sometimes multiple times a year... It's to manipulate crypto prices down which allows them to buy bitcoin for cheap..
then they magically unban it again.
The funny thing is though.. is the userbase of crypto are becoming savvy to it, and it's becoming less and less effective for China.. which is why it is happening more often. They are gaining less from it so they have to do it 2-3 times a year now just to gain anything.
China bans crypto every year.. sometimes multiple times a year... It's to manipulate crypto prices down which allows them to buy bitcoin for cheap..
then they magically unban it again.
The funny thing is though.. is the userbase of crypto are becoming savvy to it, and it's becoming less and less effective for China.. which is why it is happening more often. They are gaining less from it so they have to do it 2-3 times a year now just to gain anything.
This is accurate. Just like they have an "anti_corruption" campaign every year.