Post
Topic
Board Economics
Re: China banning bitcoin exchages, good or bad?
by
alfs75
on 22/03/2018, 15:21:04 UTC
Chinese govt has decided to ban the local bitcoin exchanges. [1] This is pretty big news considering one of large market and mining firms are located in China.
Do you think this would affect  bitcoin world and bitcoin price in negative way or positive way?  Some say china is doing so because people are bypassing the banking system and in turn the government regulation using bitcoin.


[1] http://www.marketwatch.com/story/bye-bitcoin-china-to-ban-trading-of-virtual-currencies-2017-09-11

Actually in my own knowing thats only ICO in some foreign country is there target to not operate in there own homeland because they want to make there own coins in there country,thats why i didn't know that they also include to banned there own local exchange,and i thinks this happen now would affect  bad this into there economic growth,because mostly chinese people are bitcoin miners,so how to change there cryptocurrency coins into fiat if they used it for there basic needs,because as of now  there local exchanges is been affected of there government banned  they implemented.