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China declares all crypto-currency transactions illegal
China declares all crypto-currency transactions illegal
International updated 9 months ago

China declares all crypto-currency transactions illegal

The Central Bank Of China central has officially announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin.

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China has officially decided to ban Crypto currency for its citizen. The reasoning behind this decision revolves around   its volatility. Even though there has been a ban on crypto currency since two thousand nineteen, trading till continued through online exchanges. China is considered to be the world’ largest crypto currency market due its low overhead cost with regards to mining. Why would China make such a move? Do you agree with their decision? Why or why not.

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THE WHO

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The governing authority

Who exactly i China - The first thing we should take into consideration is who exactly is China

  • Political theory?
  • Who made this decision?
  • Who will it affect with regard to businesses, consumers and investors?

The What

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WHAT ARE SOME OF THE GOALS OF THE CHINESE PEOPLE

China has stated their goals clearly since two thousand nineteen and slowly transitioned to a more hardline approach by officialy making crypto currency illlegal.

  1. What are some of the other reasons it may be of special interest to the Chinese people to take such a hardline approach towards crypto currency, taking into consideration they influence seventy five percent of the market due to the low overhead cost of mining crypto.
  2. What are some of the drawbacks associated with China's decision if any

The When

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Is it all about timing?

When exactly did the Chinese people make this decision.

  1. When you take a look at the global challenges we face today would you consider it to be coincidental

The Where

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A Strategic Advantage

Where i China located.

  1. Does China's current location give them a strategic advantage to make such a decision

The Why

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Illegal by prosecution

Why would China Choose to prosecute it's own people

  1. Take into consideration their governing political theory
  2. Are they expecting reitance from within
  3. Will it decreae crime and meet thier outspoken objective

The How

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Global implementation

How can China, as a nation implement this globally.

  1. How can they initiate a global implemntation of what they believe to a threat

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