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September 15, 2017, 02:40:00 AM |
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This is quite expected since they do not want to be the focus of possible pressures from the government on the issue of Bitcoin operation within the jurisdiction of China. Bitcoin should not have come to China in the first place...it is the market where big and successful companies like Google, Facebook and Twitter never touched because of regulatory concerns. China always believe in controls and if anything they can't control they won't allow it to prosper. China has its own vision and goals and Bitcoin can interfere with them.
However, it is quite possible that later on they will change course and would allow ICOs and Bitcoin exchanges to operate but under a very strict and constricting regulations...which can be better than the total ban many of those in the government can be espousing. While China can be a big loss to Bitcoin it is also true the other way around.
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