China's ban on crypto trading and mining will ultimately fail. Here's why

The views and opinions expressed in this article are those of the author.

Recent announcements by the People’s Bank of China (PBoC) that, in essence, all cryptocurrency transactions – including trading and mining – are illegal, was met with an unsurprisingly mixed response from the marketplace.

Prices for various crypto assets dipped, and political pundits on both sides of the aisle took this as an opportunity to reiterate previously stated opinions on the issue.

Setting aside the political rhetoric, as difficult as that may be in the current geo-political environment, there are several fundamental items that should be take into account when attempting to chart out what these recent headlines means for the sector at large.

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