The encrypted currency world makes fun of the well-known BTC critic and Berkshire Hathaway Deputy Dong Charlie Munger called on the United States to follow China's pace and strictly ban data encryption.

In an article in the Wall Street Journal, the 99-year-old project investor once again strongly criticized encryption, calling the cryptocurrency a "gambling contract that is basically 100% beneficial to the house."

Munger said that the cryptocurrency is "not a loan currency, not a commodity, not a security," adding that it is "clear" that the United States should enact a new federal law that strictly prohibits data encryption.

Munger believes that the effective way to get close to the login password is to learn from the Chinese approach, which explicitly forbids the login password in September 2021. Berkshire Hathaway vice president said:

"what should the United States do after the introduction of cryptocurrency restrictions? In that case, another act is likely to make sense: to be grateful to China's Communist Party of China leaders for their extraordinary example.

The community quickly acted on Munger's new anti-data encryption argument, and many people wondered how measures such as China's login password restrictions were in line with the casual rhetoric published by the United States.

"the front line has been drawn. Casual or dictatorial. An unmanaged wallet is a mountain that we can't take out.NFT apeThe writer Glover McBride wrote on Twitter.

Others also teased Munger that he could not understand that the login password could not be explicitly prohibited. Indeed, even after the "ban" on encryption in 2021, China is still the world's second-largest bitcoin miner, and encryption is clearly still legitimate. Moreover, the idea of disclosing the login password has been widely circulated in China for some time.

Since Munger calls cryptocurrency a "gambling contract", it is worth noting that gambling is reasonable under US federal law, although people have lost a lot of money from it.

Revenue from casinos and game apps in the United States reached a record-breaking $54.93 billion in the first 11 months of 2022, according to the American Mobile Games Association. The price of this gain is that by the first quarter of 2022, Americans will lose more money on gambling than ever before.

Many European countries also allow at least a portion of gambling, with more than 420000 American gamblers losing more than $2000 a year.

Although gambling halls have caused huge losses for investors, Europe and the United States have not followed China's pace, the latter of which banned most forms of gambling in 1949.