China lost its dominant position in the cryptocurrency ecosystem quite some time ago. For many level-headed people, any decision by the Chinese government will have no major impact whatsoever. At the same time, most markets will still respond negatively to any regulatory news originating from China. Thanks to the government’s latest effort to crack down on the trading of crypto, the markets all took a 20% hit on Tuesday. It’s a very disturbing turn of events, but one that was only to be expected at this time. China Clamps Down on Cryptocurrency Trading In a way, no one should be surprised that the Chinese governmentPowered by WPeMatico
