CHINA’S WAR ON CRYPTO
Nov 19, 2021
2 minutes
LIZ WOLFE
IN EL SALVADOR, you can now use cryptocurrency to pay for your Big Mac. In Kazakhstan and Russia, crypto mining operations have taken off. In China, however, the Communist Party is bent on destroying every form of cryptocurrency except a still-to-be-developed digital yuan that isn’t really a cryptocurrency at all.
The Chinese government has spent years enacting regulations designed to thwart the enthusiastic
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