At the end of October, Bitcoin made an explosive recovery, sending its highest price of more than $7,300 to more than $10,600. The price increase occurred only a few hours after the Chinese president made sharp comments about Blockchain technology. Which generated optimism that these comments would mark the beginning of a spindle away from the country’s predatory policies on crypto.
Despite this, a recent section in a media channel sponsored by the Chinese state suggests that Beijing still opposes cryptocurrencies. Showing digital assets such as unregulated securities, fraudulent investment vehicles and Ponzi schemes.
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