Post
Topic
Board Bitcoin Discussion
Re: Why does China have an unfriendly policy on cryptocurrencies such as bitcoin?
by
Slow death
on 04/04/2018, 14:46:42 UTC
Why does China have an unfriendly policy on cryptocurrencies such as bitcoin?

humm... china has a dark politics that wants to control everything that its people do, they are authoritarian. restricting the internet, restricting the press, restricting reproductive rights and freedom of religion. with these all constraints do you think they would allow their people to use a decentralized currency? Of course they would not allow their people to use bitcoin.

Will the future change?

I doubt very much that this happens, just to see that the Chinese government does not seem to change

China To Develop Centralized Crypto, Protects Yuan Against Non-State Digital Currency

The People’s Bank of China (PBoC) will continue to apply strict measures on virtual currencies as part of its strategy for protecting and strengthening the yuan (RMB), according to a statement published March 29 on the bank’s website.