Re: China banning bitcoin exchages, good or bad?

Quote from: lordquanta on September 11, 2017, 10:51:21 AM

Chinese govt has decided to ban the local bitcoin exchanges. [1] This is pretty big news considering one of large market and mining firms are located in China.
Do you think this would affect bitcoin world and bitcoin price in negative way or positive way? Some say china is doing so because people are bypassing the banking system and in turn the government regulation using bitcoin.

[1] http://www.marketwatch.com/story/bye-bitcoin-china-to-ban-trading-of-virtual-currencies-2017-09-11

for me that is bad for their citizen cause you know that many Chinese citizens are depending on bitcoin. people nowadays will look for their own source of money thats what we call business and entrepreneurship we see thing so different the other one sees the positive way to earn money and the one is see scamming things