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Vladdirescu87 (OP)
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January 10, 2017, 11:23:10 PM
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China is struggling with containing capital flight out of the economy. Due to economic uncertainty, most Chinese investors feel safer investing abroad than in China. The most recent attempt to control capital flight in China has been an attempt to seal off the Bitcoin corridor.

Every country becomes a skeptic if its citizens transfer their wealth to other countries in large volume. The Chinese government is struggling with a grave problem of that caliber. People transfer wealth to another country when they are not sure of the political or economic future of their home country.

You can read the full article here: https://coinidol.com/china-launches-fresh-bitcoin-crackdown/
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Papa Bear
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January 11, 2017, 01:47:19 AM
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In my opinion, China is not cracking down on Bitcoin. The idea of PBOC caring so much about Bitcoin that they are setting world-implicating economic/monetary policy is just ridiculous.
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January 11, 2017, 04:08:03 AM
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The only reason this kind of fake news emerge is to influence the market!

https://www.youtube.com/watch?v=6ZCVQHtD2l4

I think china does not mind Bitcoin at all , since no one can manipulate the number of BTCs its better then a gold standard.
its like a digital worldwide golden chain a perfect hedge for bad times to come.
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January 11, 2017, 03:24:08 PM
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Quote from: Papa Bear on January 11, 2017, 01:47:19 AM
In my opinion, China is not cracking down on Bitcoin. The idea of PBOC caring so much about Bitcoin that they are setting world-implicating economic/monetary policy is just ridiculous.

They don't really care about Bitcoin. But they do care about people evading capital control laws.
So they may take measures which inhibit Bitcoin's growth.
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January 12, 2017, 08:21:35 AM
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Quote from: panju1 on January 11, 2017, 03:24:08 PM
Quote from: Papa Bear on January 11, 2017, 01:47:19 AM
In my opinion, China is not cracking down on Bitcoin. The idea of PBOC caring so much about Bitcoin that they are setting world-implicating economic/monetary policy is just ridiculous.

They don't really care about Bitcoin. But they do care about people evading capital control laws.
So they may take measures which inhibit Bitcoin's growth.
they know the cant stop it either https://www.youtube.com/watch?v=6ZCVQHtD2l4
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