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China’s Latest Crypto Crackdown Draws Yawns From Bitcoin Market Vets — CoinDesk

China’s Latest Crypto Crackdown Draws Yawns From Bitcoin Market Vets — CoinDesk

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“Yet again, the Chinese government has cracked down on bitcoin. Since 2013, it has done so at least seven times now – and twice this year already. While each time this happens, the markets react with a price drop, each time the effect is smaller and more short-lived. The ‘China bans bitcoin’ story has gained almost a meme-like status in the bitcoin community because of this.”

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