🇨🇳 The Chinese government is preparing a new restriction for the crypto community
The authorities in China are preparing a new ban that will affect not only trading and mining but also private ownership of cryptocurrency, including Bitcoin.
Since 2021, mining, trading, and crypto services have already been banned in China.
However, personal ownership in private wallets has not been formally prohibited until now.
It is presumed that this step is aimed at total control over finances and the promotion of the digital yuan (CBDC).
