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Okay, in our first news story, China has declared that crypto transactions are illegal according to the CCP's statement and a bunch of news coverage.

And this is part of the continuing crackdown on obviously crypto currency, virtual currencies and early this morning the CCP released a proclamation titled,

Notice on further preventing and disposing of the risk of hype in virtual currency trading.

Any quotes we're going to provide from the CCP in this news segment were transcribed by Google Translate.

So taking for what it's worth, people are doing this online and trying to translate it in real time and it's kind of a breaking news story.

So quote, recently virtual trading, virtual currency trading, hype activities have risen, disrupting economic and financial order, breeding illegal and criminal activities such as gambling, illegal fundraising, fraud, pyramid schemes and money laundering,

certainly endangering the safety of people's property to enforce these rules. China has created a new coordination mechanism across 10 government organizations from the Supreme Court to the cyberspace administration.

The CCP will be investing in additional resources to be able to track on chain activity for a rapid response mechanism for early warning information transmission verification disposal.

We've talked about this over and over again, China is an authoritarian country. They can change the rules anytime they want.

There is no democratic process and I have been saying this over and over again for the better part of a decade now.

What people don't understand is if China is going to ban student uprisings, certain publications, social media platforms and religions.

Just look at all that evidence, religion, freedom of speech, freedom of religion, freedom of assembly.

All of these things are our constitution as critical to what we do here in the United States.

Why would you think they would leave out money? Money is really important.

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