[2014-05-12] USCC: Bitcoin’s Uncertain Future in China

[odolvlobo]

http://origin.www.uscc.gov/sites/default/files/Research/USCC%20Economic%20Issue%20Brief%20-%20Bitcoin%20-%2005%2012%2014.pdf

USCC Economic Issue Brief
No. 4 | May 12, 2014
Bitcoin’s Uncertain Future in China
Lauren Gloudeman, Research Fellow

Bitcoin is changing the way the world thinks about money, and its impact is growing, especially in the United States. The driving force behind Bitcoin’s explosive growth in 2013 was the entry of the Chinese market, while Bitcoin’s subsequent slump in 2014 is largely derived from prohibitive measures issued by China’s central bank. If Chinese authorities continue their crackdown on Bitcoin, the global market and, by extension, the U.S. market, may be severely impacted.
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[tianrui81317]

I read the whole article, and found there was only a inaccurate description of the current status.