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.
this may affect the value of bitcoin. but not for a long time. considering this sort of thing is not a new problem. and I think, despite such a ban, not everyone in China left crypto. they will still perform activities on the crypto as before.