China Issues Decision That Destroys the Future of Digital Currencies in the Short Term

China 🇨🇳: Talks of a new comprehensive ban that may even include individual ownership of currencies, leading to selling pressure and fear

For News 📰: Reports speak of a new Chinese ban that may include individual ownership of digital currencies and their storage, which is a significant escalation from the previous ban on trading and mining.

Credibility ✅️: There are doubts (such as from Forbes) that this is just a tightening of existing laws against using crypto as currency and money laundering, rather than a new ownership ban.

Impact: If the ownership ban is true, it will force millions in China to sell, potentially causing a collapse in prices and increasing global panic. Even rumors harm the market.

Context: The goal may be to push the digital yuan and financial control, which contrasts with Hong Kong's regulatory approach.

Conclusion: The Chinese threat is serious in the short term due to the size of the market and the impact of news (even if it is rumors) on global investor sentiment.#BTC #MarketPullback #Write2Earn