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Why does China prohibit blockchain? It seems that China holds a strict position on cryptocurrencies. Have they ever considered developing their own CBDC? Are they involved in any regulatory development efforts for cryptocurrencies? Could it be that the government fears that blockchain technology and cryptocurrencies might destabilize their currency, especially at this crucial time when they are striving to expand their economy? I'm curious about the reasons behind this ban and how it aligns with China's overall economic strategy.
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