China is reportedly aiming to block all websites, both domestic and foreign, related to cryptocurrency trading and initial coin offerings (ICOs) in what could be the countrys final crackdown on the industry. - CCN
What are your thoughts about this?
Is this the reason why Bitcoin and Altcoins are drowning in Bloodbaths since late January?
China holds the 30% of mining in the world. They are also creating their own crypto, the "Digital Yuan", based on blockchain and in develop since 2014.
Whatever is China doing with BTC, it is for sure in order to get more money. I believe they have one of the bigger btc reserves in the whole world, so they can speculate about it as they want to.
That's just my opinion, what do you think???