Post
Topic
Board Economics
Re: China Banning BTC. Any thoughts for the soul especially the mind?
by
yogg
on 05/05/2014, 11:50:57 UTC
I think China is looking to make a gold backed yuan. This could also become the world's next global reserve currency, like the USD is now.
They got a bunch of gold over the past decade, that idea is plausible.
This can also be a reason for them to cut ways to get yuan exchanged for BTC.

http://www.zerohedge.com/contributed/2012-21-22/will-china-make-yuan-gold-backed-currency