Reply to post: coin-cidence?

China announces ‘crackdown’ on Bitcoin mining and trading

Bitsminer Silver badge

coin-cidence?

A month ago the spam for "China-coin" was plugging up my inbox.

The PRC wants to hold the monopoly on digital currency, much like the US government governs (tracks) all trades in US currency. A PRC-government controlled crypto-currency gives them a lot of power similar to many actions the US takes against banks, companies, etc worldwide whenever they cross the (or, a) line.

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