The English translation of the official "China bans crypto" press release is even stronger than the article I linked earlier implied
The CCP is NOT happy about crypto
https://twitter.com/balajis/status/1441392164940832784 …
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I believe that

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say goodbye to vegetables
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Extremely based
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You should not have absolute power
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consider the counterfactual of someone with absolute power who actually wants to use it for some grand purpose and i think youll come around
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What else would you ban?
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If anything this makes me more bullish
You don't ban things unless they scare you