news China Says All Crypto-Related Transactions Are Illegal

Spoiling all the fun, geez China

Who wants to bet that ‘illegal’ won’t apply to the communist masters in China.

They will still have to have some kind of foreign exchange at the banks since el salvador and others are following changing their national currency to bitcoin. hmmm.

Also:

China's economy is currently in a very precarious position with their largest property developer about to default on massive loans. This will likely impact other nations.

Having so much money tied up in untaxable wealth certainly doesn't help their situation.

I meant:

"Having so much wealth tied up in untaxable crypto certainly doesn't help their situation."