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Why is China targeting Cryptocurrencies?

  Jul 30, 2021

Why is China targeting Cryptocurrencies?

Q. Why is this in news?
A. 

China’s crackdown against cryptocurrencies, which are those that aren’t sanctioned by a centralized authority and are secured by cryptography, is said to have a lot to do with the crashing of the value of cryptocurrencies.

Background : 

Q. What is Cryptocurrency?

A.

Q. What has China done?

A.

Q. Why is Crypto mining booming in China?

A.

Q. What does China want?

A.