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Of Course China Is Anti-Bitcoin: Look What Happened to Jack Ma

Of Course China Is Anti-Bitcoin: Look What Happened to Jack Ma



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  1. Tldr;

    Ma’s mysterious disappearance ultimately lasted three months; he finally resurfaced in a brief video in January 2021. One observer described that short clip as “like a hostage video,” and it may almost literally have been. This is the CCP’s treatment of a man with a net worth of about $46 billion, as soon as he looks like a threat to its control.

  2. tldr; China’s recent crackdown on cryptocurrency mining and trading is part of a broader struggle to foster innovation while maintaining control, says CoinDesk’s Chief Insights Columnist David Morris. China has been trying to clamp down on open financial systems more generally, including the development of the digital yuan, which reportedly has built-in surveillance and censorship features.

    Click for more news about [bitcoin](https://coinfeeds.io/coins/bitcoin).

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. Depending on how high Jack Ma’s backer in the party is, he can get away with it during closed door sessions. Air it out in the public and make the party lose face? That’s a big no no.

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