China's three major virtual currencies trading platform Bitcoin China, Coin Network, OKCoin currency have announced that they will cease trading business, the Chinese regulatory authorities so resolute and beyond imagination. I would like to know why China prohibits bitcoin. What is the reason, who can tell me?
This is the news link I saw before：
http://www.myzaker.com/article/59bf055a9490cb703500002b/What do you think happens when everyone invests in crypto? Without any investment in the construction of life projects, losing a significant amount of tax money makes the annual total unsatisfactory.
You make sense that China is a big tax country. If everyone uses bitcoin, it will have a tremendous impact on the national treasury. Public affairs and state science and technology research and development rely on tax revenue. Bitcoin is contrary to China's national conditions.