China's three major virtual currencies trading platform Bitcoin China, Coin Network, OKCoin currency have announced that they will cease trading business, the Chinese regulatory authorities so resolute and beyond imagination. I would like to know why China prohibits bitcoin. What is the reason, who can tell me?
This is the news link I saw before：
http://www.myzaker.com/article/59bf055a9490cb703500002b/It's sort of like a ban because of the stricter regulations, but overall, the industry still exist in the country. It just so happens that a lot of transactions from China have been cut because of the rumors that China has banned all bitcoin transactions. However, it's very unlikely because there have been people still transacting in China.