How serious is the Chinese government's fight against cryptocurrencies?

In fact, China has burned cryptos 18 times in the last 13 years, showing just how serious the Chinese government is fighting cryptocurrencies. Despite the numerous crypto bans affected by the Chinese government, the country’s crypto industry has managed to thrive, maybe because the legal prohibitions are never conclusive.

Did China embrace cryptocurrencies before the crypto bans?

Before the crypto bans, cryptocurrencies, specifically Bitcoin, were largely embraced in China. It’s without a doubt that China was among the earliest countries to embrace cryptocurrencies starting in the early days of Bitcoin.

Which country was the first to embrace cryptocurrencies?

It’s without a doubt that China was among the earliest countries to embrace cryptocurrencies starting in the early days of Bitcoin. BTC China was the first crypto exchange to be launched in China in 2011, setting the necessary infrastructure for the growth of cryptocurrencies.

Did China's crypto bans before the 2021 crypto crackdowns put the final nail in the coffin?

Here’s a comprehensive rundown of China’s crypto bans before the 2021 crypto crackdowns deemed to have put the final nail in the coffin. Before the crypto bans, cryptocurrencies, specifically Bitcoin, were largely embraced in China.