(09-26-2021, 11:46 PM)ghostboy Wrote: Banning feminine men was based. Banning cryptocurrency is smart on their end, as they are going to be rolling out the Digital Juan. Which will eventually be backed and only accepted for labor/trades. They already produce most products in the world, this could be done very easily.

(09-25-2021, 06:47 AM)Dismas Wrote: China has some interesting priorities. A couple of weeks ago they banned "effeminate men", now they've declared cryptocurrency illegal.

Quote:The Chinese Communist Party has certainly been keeping itself busy of late, and particularly concerning new technologies. The country is one of the world's largest cryptocurrency markets, but the government has long been suspicious of bitcoin and its ilk, and officially banned trading back in 2019 (though it was able to continue through the use of foreign exchanges). Now the CCP has gone a step further: the People's Bank of China today announced that all cryptocurrency transactions are illegal.

The translated statement is short and not-so-sweet: "Virtual currency-related business activities are illegal financial activities [and] seriously endangers the safety of people's assets." It makes explicit that engaging in such activities is now a crime and will be prosecuted, and that foreign websites offering such services to Chinese citizens are also illegal.

Read More: https://www.pcgamer.com/china-declares-cryptocurrencies-illegal/

(09-26-2021, 06:42 PM)Party Pete Wrote:

(09-26-2021, 09:53 AM)Boudica Wrote: Interesting. I wonder what they're going to make illegal next.

Skinny jeans?

I heard that they are already looking into making "effeminate styles" illegal.

(09-27-2021, 04:34 AM)mothered Wrote:

(09-26-2021, 06:42 PM)Party Pete Wrote:

(09-26-2021, 09:53 AM)Boudica Wrote: Interesting. I wonder what they're going to make illegal next.

Skinny jeans?

They'll follow suit with North Korea.

(09-27-2021, 05:33 AM)Dismas Wrote:

(09-26-2021, 11:46 PM)ghostboy Wrote: Banning feminine men was based. Banning cryptocurrency is smart on their end, as they are going to be rolling out the Digital Juan. Which will eventually be backed and only accepted for labor/trades. They already produce most products in the world, this could be done very easily.

Digital Yuan sounds interesting. I'd imagine it could be like USDT, but it's centralized and ultimately under the CCP's control.

(09-27-2021, 06:14 PM)Boudica Wrote: To be honest, in my very westernised mindset, I can see it going in that direction.

(09-28-2021, 10:59 AM)Party Pete Wrote: I feel this is going to slowly make its way to other countries too - they will either ban or highly regulate it.

(09-28-2021, 10:59 AM)Party Pete Wrote: I feel this is going to slowly make its way to other countries too - they will either ban or highly regulate it.