Crypto: Beijing Shatters One of the Industry’s Biggest Myths

China tackles an old reputation of crypto. For its Ministry of State Security, using Bitcoin or other digital assets is not enough to disappear from the radars. Public transactions remain on the blockchain, exchanges often know their customers, and conversions to traditional currency can leave new traces. Beijing talks about fraud, money laundering, ransoms, and even espionage. The observation holds quite well for Bitcoin. For all crypto, it is already less simple.

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