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 heard that it was rumored that China stopped using bitcoins because of the ICOs. Because many Chinese people have been robbed and disadvantaged by the ICOs they have joined.
That is why the Chinese government is concerned about it and it has been temporarily suspended. But now trading and exchangers are still in their country maybe this problem is solved.