Quote from: vm_mpn on March 26, 2017, 06:19:53 AM

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No. In the US and Europe, you can transfer your Bitcoin throughout the world.
China wants to restrict exchange ledger withdrawals to only other verified people
within the country. Their new regulation is about restriction, not tax compliance.
Only time will tell what the impact this will have on bitcoin in the long run.

Hmm, haven't realized it was that bad... I thought they were trying to enforce KYC rules similar to what others have done, but I guess I'm just ill-informed.

We will see how bad it is in a few weeks to months when they release a new update.

But whatever the result, as long a Bitcoin's protocol remains resistant to governments,
they can not attempt to regulate the Bitcoin blockchain directly. That would only be
possible if we over expand too soon and compromise ourselves.

So I wish for low fees and more txs within a block too, but then things must be sacrificed
for that. We can never have everything in this world. It one or the other usually.