Post
Topic
Board Bitcoin Discussion
Re: Seven Reasons Why Chinese Regulators Shut Down Bitcoin Exchanges
by
vinc3
on 18/09/2017, 02:40:27 UTC

At present, China’s domestic virtual currency trading platforms lack the relevant legal license, which leads to the virtual currency trading platforms free from the existing regulatory system. In fact, there is a huge business risk.

Money Laundering & Pyramid Schemes
Darknet Transactions
Lack of Licensing
Market Manipulation & Security Concerns

Opinions please.

https://news.bitcoin.com/expert-reasons-chinese-regulators-shut-down-bitcoin-exchanges/

What cause all of this is their FEAR of bitcoin taking over their currency, as we all know China had a distinguishable share when it comes to the transaction on a daily basis. But what they didn't see is its all a chance to alleviate their  people's way of living. It's hard to be a country where your government wanted to control everything. Glad that I'm not in China, and hopefully our country won't stop us getting bitcoin.