Bitcoin/cryptocurrency is either absolutely useless or absolutely unnecessary for any legitimate purpose but extremely useful for many illegitimate purposes, like money laundering, illegal (drug) trade, collecting untraceable ransomware payments!China's ban on cryptocurrency mining has expanded to the Qinghai and Xinjiang provinces.
China's Ban On Cryptocurrency Mining Expands to Additional Provinces : Read more
I'm sure they will, once more countries try collecting taxes on crypto and mostly fai or more ransomware uses crypto for payments. Got to cut it off before efficient crypto-laundering networks get established.Funny how it went from a "currency" to an "asset". Good riddance, now all the remaining countries need to ban this monopoly money of no real value.