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The crypto crackdown in China from issuing new bonds to to cities has slowed and much power, which it had the very real risk of.
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CHINA JUST PUMPED BITCOIN AND (THESE 13) CRYPTOS ON NATIONAL TV!!?While cryptocurrency is banned in mainland China and there are strict controls on capital movement across the border, people are still able to. Bitcoin production roars back in China despite Beijing's ban on crypto mining By September , China made up just over 22% of the total. The People's Bank of China argues that its ban on cryptocurrencies is to curtail financial crime and prevent economic instability.
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