China Unveils Plans For H2 2021 — Crypto Witch Hunt May Be Coming To An End
The People’s Bank of China has stated that its crackdown on virtual currencies has been achieved and is now under normalized supervision.
Their mission for the remaining months of the year is to “maintain” the status quo which is a hint that the sector may not see any major regulatory actions in the near future.
In 2021, China upped its desire in regulating cryptocurrencies that severely affected mining and the prices of cryptocurrencies around the world.
