THE LOOMING END OF CRYPTOCURRENCY IS FAST APPROACHING

It seems like Crypto is facing a period of extinction in the world today as country's with huge economy influence are turning their back on the contemporary means of payment like Nigeria did.

The latest country to adopts crypto ban is China. China's latest move to ban cryptocurrency shows how tough it will be for the technology to deliver on its backers' vision of disruptive, decentralized change.

Its a largely know fact that the control of currencies is a foundation of sovereignty, and governments don't plan on losing that control even as money inevitably turns digital.

The Friday's announcement of banning cryptocurrency transactions is only the latest effort by the Chinese government to reign in the technology as it barrels forward with plans for its own official digital currency. 

China has already outlawed Bitcoin mining as part of a broader effort to bring the crypto sector to a heel. Bitcoin mining's high energy cost and carbon emissions also run counter to China's climate goals.

Now Bitcoin is seen as a major climate destructive elements and the world will definitely do what's needed to put a stop to any practices either financial or otherwise threatening climates in recent world.