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 think that e-money has made the Chinese economy much more volatile. After the Crypto market has poured a lot of capital, China has made many more billionaires thanks to the Crypto market. This has led to the government losing control, and they have to stop Bitcoin to stabilize the country's finances. That is the information of an article that I have read before.