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RE: China has started a crackdown on the use of cryptocurrencies in illegal forex trading!
So far the China has never been a fair player in the Crypto market and I will not be surprise if they follow something which is out of the box but not the right way to deal in the market so overall anything can happen from the end of China and we should not be surprised
There are some countries that are never crypto friendly. So not much can be expected from them.