🇨🇳 China’s Crypto Saga: A Decade of Resilience
China’s relationship with $Bitcoin is a masterclass in how policy shapes decentralization. From being the mining capital to implementing strict bans, the journey has been anything but linear. 📉
The Timeline👇
2013: Banks barred from BTC transactions.
2017: ICOs & local exchanges banned (triggering the migration of platforms like Binance).
2021: The "Grand Finale"—a total ban on mining and all crypto transactions.
Why the "No"? It’s about Macro-Control. Beijing prioritizes capital stability and the rise of the e-CNY (Digital Yuan) over decentralized competitors.
The Result: Short-term pain led to a global "Stress Test." Today, the network is more geographically decentralized than ever. 🌍
What’s your take? Is the "China FUD" finally a thing of the past? 👇
#Write2Earn #CryptoRegulationBattle #Bitcoin #ChinaCrypto #BinanceSquareBestThing2026