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/China is a hot spot of Bitcoin mining, a process that confirms transactions and updates the Cryptomonnaie public registry, blockchain, at the cost of huge IT resources.
However the reasons that push the Chinese authorities to melt so on the trading of cryptomonnaies remain obscure, it was reported that government officials had met with Bitcoin trading platform officials, ostensibly to discuss ways to combat the use of these services to launder The money. These meetings were followed by a three-month ban on cashing in Bitcoin transactions, which was lifted after all.