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/There are lots of things that can be the possible reasons why bitcoin is being ban in China. For me, the government of China ban it because they think that bitcoin can have or can create a much harmful effects to human or to their citizens.