Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Erdogan
on 12/03/2014, 08:51:01 UTC
My question is, why the Chinese government banned Cryptocurrency but allows everything going?

For the same reason most of the laws in the U.S. exist:  To keep everyone in a constant state of fear and submission.  If you step out of line, there are probably a dozen felony charges that can be laid against you at any time.

Generally, yes, but the situation in China is quite clear for the moment. There was a month or so where officials' statements were unclear (possibly with intent, or they just hadn't decided yet), and mr Lee of BTCChina was extremely pessimistic.