Quote from: abd000 on November 27, 2017, 10:22:44 PM

China-based cryptocurrency exchange BTCC suspended all domestic trading in yuan last weekend. The decision came on the heels of a September 5 statement from regulatory authorities in China, which required all domestic cryptocurrency exchanges publish closing announcements, stop registering new users, and establish a schedule to cease yuan-denominated trading by September 15. Huobi and OKCoin two other exchanges based in China have announced similar plans to stop trading. To be clear: China has not banned the use of cryptocurrencies. It has banned cryptocurrency exchanges and initial coin offerings (ICOs). Even still, it has prompted some to consider whether a government might ban cryptocurrencies like bitcoin and, perhaps more importantly, whether such a ban would be effective

I think one reason why bitcoin is being ban by some government in some countries is because, it can be used in some illegal activities like buying illegal guns, drugs, hiring a hitman and many more. Because of that capability of bitcoin, the crime rate of a certain country may increase thats why some government are against it.

angelolazaro

Posts

Merits