Hey Everyone,
A fine line exists between illicit and illegal, and it's often the wrong people who get to decide.
According to last week's circular from the People's Bank of China, transacting in cryptocurrencies is now illegal.
Therefore, the famous statement that "only criminals use bitcoin" is now very true in China.
This is very similar to how in many countries, someone who smokes marijuana is considered a criminal, even if they have never done anything else wrong in their lives. As a famous podcaster once put it: