Post
Topic
Board Bitcoin Discussion
Re: why China goverment allergic to bitcoin?
by
bytomboy1234
on 28/01/2018, 10:11:00 UTC
china is one of the powerful country in this world.they are in a high position in economy.and also china is well developed country.but they still don't like  revolution.what is the main reason for that?
I have to clear one thing here,it is true they have the worlds second largest economy but still China is not a developed country,it is a developing country and there is a big gap between the wealthy class and the middle class,it is not that they do not like the  revolution ,they want everything transparent and from a country who hands out death penalty for corruption you have to think that they takes these things seriously.
I don't think china is doing anything different to the whole world is doing to the crypto. The thing that is different in the case of China that it is a communist country and they would like to control people all the way and by allowing people to fully use bitcoin which provides financial freedom and pseudo anonymous transactions,it would go totally against their interests.