This is why China finally killed its bitcoin boom

Every time Beijing announces a crackdown on their industry, the running joke among the crypterati is that China has already banned cryptocurrency 18 times. Chinese government agencies have issued a string of increasingly restrictive but never conclusive legal prohibitions of various aspects of crypto since 2013; all the while, China’s crypto industry has thrived. Turns out the nineteenth time might be the charm.
Read more: https://www.wired.co.uk/article/china-ban-bitcoin-cryptocurrencies?source=Snapzu