Hello Friends, sorry for my faulty English.
Is it possible for China to ban Bitcoins mining? Nationalize, take control in some way???
If so, what are the impacts on Bitcoin?
Thanks to everyone!
The Government of China can ban everything and anything in their country if they want and other countries have no rights to interfere that, if China will ban Bitcoin mining or any other cryptocurrency mining then that is at their own full discretion.
If they want to do Bitcoin as a local thing then I don't see a point to make a grow out of it as Bitcoin is made for a purpose of an international digital currency and localizing the mining will not help instead it would worsen the case. Regulating mining and trading exchange of Bitcoin is the only thing that I am okay with because people tend to make a good profit out of it and if the government want to enter some taxes on it then it is fine.
