The fall of Evergrande contributed to China's crackdown on cryptocurrencies, says Brian Tycangco, Senior Editor of True Wealth Opportunities: China.
Tycangco says another reason for the ban is, "to not encourage the mining activities of Bitcoin," as China is going through one of its worst energy crisis in the last twenty years. We are seeing increased purchasing of gold in China, he continues.
Beijing is focused on getting the economy back on track, Tycangco says, with cryptocurrencies being the last thing on the Beijing government's mind.
#china #cryptocurrency #evergrande #gold
Prepare yourself for a financial lockdown: https://www.wakeupcall2021.com/
______________________________
Follow us on Facebook: https://www.facebook.com/StansberryRe...
Follow us on Twitter: https://twitter.com/stansberry
Follow us on Instagram: https://www.instagram.com/stansberry_...
Follow us on LinkedIn: https://www.linkedin.com/company/stan...
Tycangco says another reason for the ban is, "to not encourage the mining activities of Bitcoin," as China is going through one of its worst energy crisis in the last twenty years. We are seeing increased purchasing of gold in China, he continues.
Beijing is focused on getting the economy back on track, Tycangco says, with cryptocurrencies being the last thing on the Beijing government's mind.
#china #cryptocurrency #evergrande #gold
Prepare yourself for a financial lockdown: https://www.wakeupcall2021.com/
______________________________
Follow us on Facebook: https://www.facebook.com/StansberryRe...
Follow us on Twitter: https://twitter.com/stansberry
Follow us on Instagram: https://www.instagram.com/stansberry_...
Follow us on LinkedIn: https://www.linkedin.com/company/stan...
-
- 1
Francisco Gimeno - BC Analyst The news on and about China are steadily increasing in the global media, both tradicional and new digital one. Mostly entered in economy and finances, with Evergrande possible default at the centre, but also has there have been new things that maybe reflect the seriousness of the government to change the way the economy, finance work to create a more equalitarian society for more than one billion people. The ban on crypto, the issues with mining, the e-Yuan experiment, the crisis in sectors which need urgent change are connected. What do you think?