Chinese regulators outlaw crypto in latest crackdown

One reason for the move: To stamp out competition to its own digital currency before a potential rollout next year, Nikkei Asia reports.

• Think of it like "Beijing bulldozing an apartment building so they can build a new superhighway," the Atlantic Council's Josh Lipsky tells Axios.

It’s not just crypto: Among others in China’s regulatory crosshairs recently…

• Education: In July, officials banned companies that teach school subjects from making profits, going public or raising money.
• Gaming: Earlier this month, new rules vastly curbed the amount of time minors can game.
• Casinos: Last week kicked off an unexpected review of industry supervision in Macao, the world’s biggest gambling hub.

The bottom line: "No one really knows how far Beijing is willing to go to put the state back in the center of China's economic future," says Jordan Schneider, a senior analyst at Rhodium Group.