On: China declares cryptocurrency deals ‘illegal’

[coralreef]

It's a thunderous dunk while your team is down 40 in the 4th. A loud, but small, short term win.

"Excellent news" would be the halting of state subsidies for coal mining, and introduction of a carbon tax.

[sudosysgen → coralreef]

Fwiw China is ramping up a carbon tax scheme for coal and gas : https://www.forbes.com/sites/scottcarpenter/2021/03/02/tooth...

They will probably never stop subsidizing coal mining though. Otherwise they will get even more reliant on foreign coal which gives a hypothetical US blockade much more clout.