China’s digital currency aspirations are both unprecedented and unparalleled, writes Cryptoslate journalist Shaurya Malwa. But judging from recent developments, the advancement of disruptive technology is not China’s motive for spearheading digital currency development. Instead, China wants to leverage blockchain to exert greater control over its citizens’ financial activities – an agenda that conflicts with bitcoin creator Satoshi Nakamoto’s aim of decentralizing money. Capping all large transactions Nikkei Asia reported on June 27 that the country will now track all “large” transactions over RMB 100,000 (or $14,000 ... (full story)