Hi I think just before a month we saw china banning ICOs and taking severe actions against bitcoin exchanges which led to the shut down of almost all the three big exchanges.We could clearly understand that chinese government is totally against bitcoin.China has the largest number of mining farms in the world.
But still china has not banned mining.So,what's actually stopping china from banning bitcoin mining totally there?
Kindly shed some light on this topic.
I guess, its the non regulating nature of bitcoin that made China to stop mining bitcoin because in current scenario there is no regulating body over BTC and this thing has attracted many illegal activities such as terrorism and other more and moreover the valuation is deflating continuously therefore China might be afraid of loses also and moreover terrorism is that social evil that can destroy each and everything thing of nation therefore china might be afraid of putting its national security at risk