September 24, 2021

Chinese regulators outlaw crypto in latest crackdown

Featuring: Jordan Schneider

Source: Axios

Journalist: Courtenay Brown

Regulators in China are tightening their grip on industries at a dizzying pace — ratcheting up pressure that’s spared few sectors.

Driving the news: The country’s most powerful regulators banded together for the first time to outlaw all cryptocurrency activity on Friday, Reuters reports — intensifying its years-long war.

One reason for the move: To stamp out competition to its own digital currency before a potential rollout next year, Nikkei Asia reports.

Read the full story and more from Axios.

Author

  • Jordan Schneider

    Adjunct Fellow, Technology and National Security Program

    Jordan Schneider is the founder of the ChinaTalk Podcast and Newsletter. He previously worked for the Rhodium Group and Bridgewater. Jordan received a master's degree in econo...