The Chinese agency that has accused the USA of cyberattacks on its own infrastructure to make Beijing look bad is back with another theory: Washington’s actions against cryptocurrency crooks are just attempts to dominate the global financial system.

The agency behind these theories is China’s National Computer Virus Emergency Response Center (CVERC), which on Thursday published a document titled “Top Player: Analysis of Global Virtual Currency Assets Extortion under the U.S. Technological Hegemony.”

The gist of it is that US actions such as prosecuting Binance co-founder Zhao Changpeng and chasing alleged cyber-scam camp operator Chen Zhi were not law enforcement actions but attempts to ensure US hegemony over cryptocurrencies…