Post
Topic
Board Economics
Re: China and price
by
szpalata
on 21/02/2017, 08:44:16 UTC
Heres what I think on the whole PBOC keeping BTC below 1000 US dollars conspiracy. The higher the price of BTC is, the easier it is for money launderers to use it. Think of this, if you want to launder 1 million US dollars, would it be easier for you to launder via BTC if it was at 10 dollars or at 10,000 dollars?

Exactly, so the conspiracy is rather in the right place to help curb money laundering and discourage illicit use of Bitcoin as a payment system for fraud and illegal businesses. I give thumps up to the Chinese.