Too Long; Didn't Read
Chinese restrictions on the operation of Cryptocurrency and Mining pushed Bitcoin into another slump on May 21, 2021. Chinese authorities imposed a total ban on financial institutions to provide services in the cryptocurrency market. The People's Bank of China held a conversation with the five largest banks in the country and with the service Alipay on the prohibition of any financial transactions with cryptocurrencies. The companies that survive China's shock therapy will never go back. It seems that China has decided to limit its influence on the global economy.