Chinese governments, or as I like to call them - criminal mafia-like scumbags is escalating their crackdown on crypto-trading.
Now they are targeting platforms and mobile apps that offer exchange-like services, according to this Bloomberg article.
We all remember how the fascist governments in China shut down crypto currency exchanges this summer - which created a lot of FUD, but only resulted in cryptos going for new all time highs month after month?
That's right. The more communist, totalitarian and fascist governments are - the BIGGER governments are, to more the country suck. Just look at the facts. Countries who give their people MORE freedom - good countries. People who give their people LESS freedom - SHITHOLES (as Trump would have put it)
Unlike some, I don't blame the Shitholes known as countries on people. I blame them on government. The structure known as government.
Now, the Chinese government plans to block domestic access to homegrown and offshore platforms that enable centralized trading..whatever the hell that means. They will also TARGET individuals and companies who provide marketmaking, settlement and clearing services for centralized trading.
Listen guys, again..I will repeat this until the day I die. What you are experiencing now..this euphoria, the cryptocurrency boom, the fact that thousands upon thousands are quitting their jobs, reducing to part time, having much higher dopamine levels and lower cortisol levels...well..that's because you're tasted the FREE MARKET. Nothing else. Laizzes Faire capitalism. Here it is. How do you like it? You like it right?
Well..then stop trying to argue for in-between solutions and compromises. You can't compromise with mafia. Either someone takes your money and decides for you what you can and cannot do, even if it doesn't hurt anyone - or you embrace FREE TRADE no matter what. You'r money, you'r life.
But but..capitalism isn't perfect. No..nothing is perfect. But like I said..you do like the taste of real freedom don't you? I sure do.
So don't let this FUD freak you out.
Like I've said before..this is the easiest yet the hardest battle. All you have to do is #HODL