๐ซ๐ The First Country to Ban Crypto (2013 โ Chinaโs Early Ban)
Back in December 2013, when Bitcoin was still in its early growth stage, China became the first major country to ban financial institutions from handling Bitcoin transactions.
๐ The Peopleโs Bank of China (PBoC) declared that banks and payment companies couldnโt deal with BTC.
๐ This didnโt make Bitcoin illegal for individuals, but it cut off exchanges from the banking system.
๐ The announcement triggered a price drop โ BTC fell from around $1,100 to nearly $500 within weeks.
Since then, China has tightened restrictions multiple times, with the biggest crackdown coming in 2021, when it completely banned crypto mining and trading.
๐ก Lesson: Even when powerful governments tried to shut it down, Bitcoin survived and grew stronger. Bans only slowed adoption temporarily โ the global community kept building.
๐ Do you think governments can ever truly stop Bitcoin, or will it always find a way? โก
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