Post
Topic
Board Trading Discussion
Re: Why is Bitcoin a threat to China? Is China deliberately imposing sanction on BTC
by
BuNga_cute
on 28/09/2021, 22:58:52 UTC
Yes, I think this is only temporary, because China’s current demand is to ban cryptocurrencies, but the future may be different. The law is a manifestation of power, and we will wait and see.
China many time said that Cryptocurrency is illegal and we will banned cryptocurrency and cryptocurrency releted all transaction from chaina. It is not new, i don’t know that, why they always create a panic news in market, i think Their target is something other.           

China banning cryptocurrencies is not new, almost every year they say they will ban Bitcoin. And we know China is a country that wants to control
all the activities of its citizens, so for the Chinese government Bitcoin is a threat. Because we know that Bitcoin, which is decentralized, is very difficult
to control by the Chinese government, so for the Chinese government Bitcoin is not something that sounds good. Moreover, they really think Bitcoin
can be dangerous for the digital money they have created, so China's goal of banning crypto is to fully control its population.