China: Cryptos are now illegal, Crypto mining forbidden !China cracks down the crypto mania. Rather wise step by the Chinese. They prevent people to invest real money into the Crypto ponzi sheme and the netherland tulip mania. They prevent them from final huge financial losses !
Only had seen this headline. May be more to follow up in this story from today.
China just may turn off the electricity for the Crypto miners and the desaster for Bitcoin and Co is there.
In former times only some technical problems by random with energy supply to crypto miners within some provinces of China made massive set backs for prices of Bitcoins etc. ... If Chinese gov now stops the electricity by intention, these huge Chinese Crypto miners are done.
A minus in Cryptos means a plus for gold as a save haven currency against desperately money "printing" Central banks and governments of this world.
If you can not believe in my posting, pls check this 1 hour old article about the news:
https://www.reuters.com/world/china/china-central-bank-vows-crackdown-cryptocurrency-trading-2021-09-24/