I heard the news that currently 90% launched projects in ICO platforms have been basically checked and returned in Shanghai, relevant Bitcoin virtual currency exchanges also proposed plan for quitting and started related work for customers funds and assets.
SO ,what do you think about Bitcoin' future in china?
I would like go hear some opinions
As of now.. the operation of bitcoins in China was stop... but in the near furure, they will open the operation of bitcoins again. I think they are just laying the foundation as to the regulation of using it... they close it down because of lack in legal basis.. so for now... i believe they are drafting laws or ordinances to regulate the its use... so cryptocurrency has been accepted by many of the countries now... what China wants is just to control it a little bit... one of the reason i guess is how to collect income or VAT taxes for payment in services or goods being sold ...