[Salman]

First big economic power to do this?

[StAnDeliver]

The question is, will Xi reel in the gigantic homegrown mining base, along with the transactional side? One presumes he will, and that this will backfire in an unpredictable way.

[Pollard]

China’s central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal

China Creates Its Own Digital Currency, a First for Major Economy
https://www.wsj.com/articles/china-creates-its-own-digital-currency-a-first-for-major-economy-11617634118

Eliminating the competition. Can't track people to manage their social credit score with any other crypto but their own official one.

[VAFreedom]

wow i don’t even consider china a stopped clock, it is a clock that’s running 3 hours behind so it is always wrong.

i guess the only reason they’re doing this is that they want to run their own bitcoin.

[eyeamok]

How long until Biden follows orders and does the same thing here

[DaxtonBrown]

The US will have to do the same. Once hyperinflation and high taxation hit, people will flee the system.

[Chode]

i really don’t like the idea of the e-dollar in my pocket changing in local value btwn home and the store...