I heard that some countries banned Bitcoin and 2 of them are China and Russia because the goverment think that Bitcoin deals are speculative, and the currency is always risky. But is it correct because there are a lof of Chinese use Bitcoin now?
China is one of the few countries to restrict the use of Bitcoin and prohibit financial institutions and banks dealing with Bitcoins. In December 2013 notice by the Central Bank of China, Bitcoin was dubbed the "Virtual Commodity" and its use as a currency of despair.