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/I do not really know the actual reason on in the first place, why bitcoin was banned in China knowing its advantages but I remember what kind of country is China. China is a business country, hearing this, an answer struck my mind. Maybe the reason why they banned it is because the bitcoin is actually blooming in China. Maybe it scare those banks and other businesses because investors might just invest their money in bitcoin. Maybe that is why they banned bitcoin.