Chinas government is starting an all-out war against bitcoin and other digital currencies by banning fundraising through initial coin offerings and shutting down all mainland digital currency exchanges?
Bitcoin has already caught the attention of the Chinese government with many of its people getting interested with it. But they are not totally against cryptocurrency. There are just making some regulations on it. They're just trying to manage it. They are still studying it. They also see the potential of bitcoin.
But I don't think so.China government officially announced,to inverse their people in Gold and Silver instead of cryptocurrency investments.If they have a idea to regulate the cryptocurrency,why don't they asked their people to inverse in cryptocurrency.They want to improve t government treasurer by the investments from their people.