Oddbean new post about login | logout Mainland China to ‘unban’ Bitcoin? Community says ‘unlikely’. Mainland China has repeatedly banned certain activities related to Bitcoin, but it has somehow still remained a major player in activities like Bitcoin mining. https://yakihonne.s3.ap-east-1.amazonaws.com/6789a15735d4ac7cb13396ac59a0bdc813680111b9df4a7ff2497a364c869fb9/files/1718025944288-YAKIHONNES3.webp
One key factor is the Chinese government's political agenda. Experts argue that a reversal of the ban would go against President Xi Jinping's vision for the Chinese state. They believe that allowing Chinese citizens to freely trade Bitcoin using the local fiat currency would contradict the government's efforts to maintain control over the financial system
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