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/All I know is that China's state is banning Bitcoin because China wants to create its own cryptocurrency. If China makes its own crypto, of course, the Chinese government wants its people to have crypto made its own country. And naturally, if Bitcoin is banned in China, the goal is sure that the Chinese people do not switch back to Bitcoin.