China has always been a very interesting region to keep an eye on when it comes to cryptocurrency. Unfortunately, that is not always for the right reasons either, which is what makes every bit of news a double-edged blade. In the latest “publicity stunt” Chinese officials are now looking for ways to deanonymize cryptocurrency and blockchain service users.
Over the past few years, it has become increasingly apparent China has no real love lost for cryptocurrencies. While the actual reason behind this particular stance is still rather unclear right now, Its local officials will continue to crack down on this type of activity for quite some time to come. Whereas Chinese exchanges were once the driving force of cryptocurrency trading, they have now become all but obsolete.