You're listening to Comedy Central.

We all love technology.

You know, it's what lets us secretly watch our Airbnb guests while we're out of town.

But we also recognize that in the last few years, technology has unleashed a lot of social

changes that people are worried about.

And different countries have addressed these problems in different ways.

You know, in America, the government has talked a lot about regulating big tech, then

taking huge campaign contributions from big tech and forgotten all about it.

So that's one approach.

But one country has been taking much more drastic steps.

And I'm talking about China.

Rising superpower and country that has held the world record for most Chinese people

for 4,000 years straight.

China's government isn't hamstrung by annoying things like democracy or human rights.

So when they see a problem, well, they go after it a whole lot harder.

For example, cryptocurrency.

Everyone in the West is trying to figure out how to regulate cryptocurrency while respecting

the free markets.

And now China's response is, we have another idea.

Cryptocurrency is now illegal in China.

Today, China's central bank declared all transactions involving Bitcoin and other virtual currencies

illegal.

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