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.