Post
Topic
Board Bitcoin Discussion
Re: Why does China hate Bitcoin?
by
MyIdeas
on 22/09/2017, 21:56:13 UTC
I believe China doesn't hate bitcoin. China might hate the fact that it's untraceable, and with the problems that rised with the ICO's where many investors were scammed, and lost money, they couldn't do anything to retrieve that. It's a risky market, some will opt out of it, some will just act that they will opt out, and others will continue following bitcoin!
I was thinking of that too china doesn’t hate bitcoins actually, they imposed a ban on their market just to try to control its increasing price but couldn’t succeed much in doing so. Another reason for not hating bitcoin is that most of the government officials also have invested a lot of money in bitcoins.