Post
Topic
Board Bitcoin Discussion
Re: 【I am in China】About China 2021/09/24 FUD
by
pooya87
on 28/09/2021, 08:22:13 UTC
Also, isn't the Chinese government the one holding the most bitcoins? Why do they keep banning it? Unless, that's a lie too.
Possibly, but the reason why Chinese government is cracking down on bitcoin is that they have been trying to replace US Dollar with Chinese Yuan and also they have plans to push for digital Yuan. They seem to believe that letting people freely use bitcoin could pose a threat to that goal. Easter block is already moving away from dollar anyways.