Post
Topic
Board Bitcoin Discussion
Re: Why China banned bitcoin?
by
liseff3
on 20/05/2018, 20:25:25 UTC
This news gap has been a problem for overall crypto users since November 30, 2017, especially bitcoin users, to me the confusion of the news has exacerbated the crypto trade situation.
A friend of mine from China told me that the ban on crypto in no way their government only make the rules so that crypto trade's protected from money laundering that might be done by corrupt officials in their country.

Initially, I'm just as you think, that they have banned cryptocurrency, because, by the time the rule is in place, the conditions of cryptocurrency in various exchanges undergo a sharp deterioration. However, after I did a flashback about the news, it turns out they are only really set that is more assertive. While the decline that occurred, caused by the closing of two largest exchange accounts in China.


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/