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China's Cryptocurrency Plans Are About Power, Not Innovation

In early November, China’s economic planning organization—the National Development and Reform Commission (NDRC)—removed cryptocurrencies from a list of industries that are denied assistance from local governments and that could eventually be banned throughout the country. This move appears to be part of a larger effort by the Chinese Communist Party (CCP) to reassert government awareness of, and influence over, the nation’s massive digital financial markets.
Yi Gang United States Changchun Mu Zhu Chen Revenue Service National Development

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