šØ ALERT: Is China šØš³ about to lift its crypto ban š±ššš±?
Persistent rumors suggest an IMMINENT announcement!
We've dug into the topic, and here's what we found! š
Several well-known figures are saying OFF THE RECORD that a lift on the ban could happen by the end of 2024.
Be cautious, nothing is confirmed, but the impact could be COLOSSAL if true.
The country closed off to cryptos in 2021.
To recap:
2013: Ban on financial institutions handling BTC transactions
2017: Ban on ICOs
2021: Ban on all crypto activities
Result: Massive exodus of miners and an estimated loss of 4 to 6 billion dollars per year.
So, why the potential reversal?
We've identified 3 potential reasons:
ā Carbon neutrality goals (yes, you read that right)
ā Economic potential of the sector
ā Not wanting to miss the blockchain innovation train
If true, we could witness a SEISMIC shift in the crypto market!
China's return could propel the prices of Bitcoin and other major cryptos. š
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