On Friday, Chinese regulators announced a nationwide ban on cryptocurrency transactions and cryptocurrency mining. The culmination of a years-long crackdown, the move was meant to close loopholes in previous attempts to regulate cryptocurrency, root out rivals to government-issued money, and reduce the energy consumption of the heavily polluting sector. It also comes amid Xi Jinping’s long-running anti-corruption campaign and more recent efforts to reign in powerful tech-sector businesses and monopolistic platforms. Stock prices for Bitcoin and other popular cryptocurrencies nose-dived...
Under the powerful machinery of the party-state, ignorance and fear can be cultivated, information and news can be blocked, truth and reality can be distorted. But once you have personally experienced it, once you have witnessed it for yourself, you cannot feign ignorance, nor give up recording it, nor sit and wait for death. The darkness is boundless, and but a trace of truth and light remains: this trace must not be surrendered."
- Missing #MeToo activist Huang Xueqin, in a 2019 essay first published in Matters
CDT in the News
- SCMP – Foreign journalists in China report state backing for rising intimidation during Henan floods
- Forum2000 – Data colonialism: Where China and the West diverge
- FT – China flood response reveals Beijing’s need to prepare for extreme weather
- LA Times – Amid crushing floods in China, officials focus not on climate change, but on control
- RFA – “Drowning” has become a sensitive word during Henan floods