The Chinese government’s pressure on cryptocurrencies continues. Clearly stating that it does not want cryptocurrencies to be used in too many areas in the country, the Chinese government knows that there will be an increase in cryptocurrencies in the future and that more and more people in all countries of the world will include Bitcoin and cryptocurrencies in the first place in their choice of investment tool and payment instrument. Being aware of this, the Chinese administration states that confidential information should be kept confidential and that Bitcoin payments should not be discussed in institutions by giving instructions to all government institutions in order to take the necessary steps to prevent secret and legal problems in the country.
China’ A North Korea-like system operates in China
China is known as one of the most brutal countries in the world, moving towards a North Korea-like system. The pressure on Bitcoin holders and miners is constantly increasing due to the cryptocurrency pressures it applies even to its own citizens, and the increase in raids due to mining in a house in the past months. It is known that every month, cryptocurrency prints affect at least a few people across China, with more than 3 million people in the country owning cryptocurrencies.