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Was China Right To Ban Crypto? Charlie Munger Thinks SoNew research shows that China's Bitcoin ban has sent the process of creating new coins, known as mining, to countries where it uses far less. In a nutshell, while China explicitly banned any exchange or financing activities between fiat money and �coin substitution� in , the U.S. has placed. The PBOC says China's cryptocurrency ban is to curtail financial crime and prevent economic instability, but are concerns about capital.
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