China’s war on Bitcoin “just getting started”


Let me amend that to read “all governments war on crypto just getting started”. Via Sinocism:

War on crypto just getting started

Caixin Editorial: It’s Time to Declare War on Cryptocurrency

The current measures didn’t just appear out of thin air. They are the result of policymakers’ ever-growing understanding of the emerging risks associated with cryptocurrencies, as well as the country’s needs to better manage financial risks and to transition to a low-carbon economy…

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.