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/Because Bitcoin serves as a alternative value against a Renminbi (also known as Yuan) during the course maintained voluntarily low by the local authorities. A wool stocking that now attracts more than gold