Post
Topic
Board Bitcoin Discussion
Re: Is it true that China wants to legalize bitcoin?
by
Przemax
on 20/10/2024, 17:34:33 UTC
I think that kind of rumours are spread to justify some minor bitcoin price pump. There are two reasons China will never legalise bitcoin in the current financial enviroment.

China relies on the inflationary currency and bitcoin is deflationary so it is incompatible with each other.

Secondly the China's law system would be in conflict with itself because China partially delegalised some aspects of bitcoin - like mining for example.