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Cryptocurrency discussions / Re: Crypto markets can exist without government permission
« Last post by rizqillah on Today at 12:39:18 PM »China is always discussed in crypto, it needs government support, but to this day it still hasn't. The problem is that enforcement of the rules there is strict and the residents obey the rules, in my opinion that's not all. Because they are also looking to become bitcoin miners in other countries, rich people will do anything for their businessIt's true, even though the population is the second largest after India, they can apply all the rules well, so that their citizens don't violate the rules that have been made, all because they are supported by their officials who can be disciplined in implementing the rules, including crypto, which is prohibited, and the officials there are not trapped to carry out manipulation.If it is prohibited in other countries, such as what you call China, many of its citizens invest there. The Chinese government should have a policy that protects its citizens from investing in crypto by providing investment permits.Even though they have more citizens than other countries, they know the level of risk that can occur when trading and there also implement very strict regulations regarding the use of cryptocurrency so that the residents there are very compliant with these rules.
So it is not surprising that they are able to become a country with very fast economic growth.