Post
Topic
Board Legal
Re: Why has China declared war on bitcoin and digital currencies?
by
thrylos
on 25/02/2018, 15:08:28 UTC
China’s government is starting an all-out war against bitcoin and other digital currencies by banning fundraising through initial coin offerings and shutting down all mainland digital currency exchanges?
Here is my opinion to this unpleasant action of China against bitcoin,
We all know that china is always after for something which they can earn big for their side. Are you not wonder that everytime Chinese New Year is approaching and passing the price of bitcoin is affected? It decreases, so it is quite strange seems that chinese people has a control over bitcoin. So banning bitcoin is one of their strategy to put bitcoin down the price and buy more from the lowest price.