cryptocurrency transactions in recent years become booming in China. Many investors are turning to the Bitcoin market, increasing demand. So that's the reason to close the crypto transaction as an effort to anticipate the potential risks that arise in the future.
I think the steps taken by China are very reasonable, besides the state is studying the circulation of cryptocurrency currencies, but also is preparing the next step maybe by applying taxes or other regulations, but the Chinese can also prepare their own krypto currency, because they see tremendous potential, the government must have seen this potential. They certainly do not want to be left behind from Japan, America and other developed countries, so we are waiting for the next ten years, if we do not want to be left behind then we have to adjust the progress of digital exchange equipment to replace the eye existing conventional money.