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.
China is a country with so many bad rumors that Bitcoin prices and the electronic money market have fallen. But I know that China today has created so many pennies and they have huge exchanges