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Author Topic: Why does China hate Bitcoin?  (Read 7829 times)
htsz_da12
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January 13, 2018, 05:15:01 AM
 #501

I can tell you very clearly that Chinese people don't hate bitcoin, the Chinese government hates bitcoin, and the Chinese government feels that bitcoin will swindle Chinese people out of it.


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January 13, 2018, 05:46:37 AM
 #502

China hates the existence of bitcoin because it is widely misused for corruption, gambling hence hence china hates the existence of bitcoin.

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January 13, 2018, 05:57:45 AM
 #503

Because China wants to have control over the currency used by chinese citizens, and bitcoin doesn't allow any government to control him. Bitcoin and cryptocurrencies are a threat for banks and centralised banks.



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emondot
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January 13, 2018, 06:24:18 AM
 #504

on the glory of China will demand using bitcoin funds as well as many investors are beginning to switch to Bitcoin market thus increasing demand, and the increasing amount of cryptocurrency transaction demand is actually encouraging Chinese regulators to take action, in an effort to anticipate potential risks that arise in the future. china may have thought about bitcoin for future will be dangerous especially for china itself.
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January 13, 2018, 04:26:57 PM
 #505

China doesn't hate bitcoin, but the decentralized system itself.
In some other thought, maybe they hate the potential that bitcoin have.
That can empower an individual, and the country wants the flow of money will be around their country.
Some people think that bitcoin is a creation of japan and china and Japan they don’t have a good relations and china don’t want to use any crypto which is operating from japan and secondly china is also one of the fast growing economy in market and china don’t want to allow anyone to take over them there can also be some other reasons but as far as I know about bitcoin its very safe for any country because bitcoin is the only hope for any one.

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MrRiuss
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January 13, 2018, 06:17:13 PM
 #506

who said china hate bitcoin? i dont think so. banned doesnt mean hate. china want to secure their financial and make sure that there are no money laundring
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January 13, 2018, 06:34:27 PM
 #507

I can tell you very clearly that Chinese people don't hate bitcoin, the Chinese government hates bitcoin, and the Chinese government feels that bitcoin will swindle Chinese people out of it.



I actually disagree about it. I really think that China is one of the most btc supporter and dominator. As they want to use against USD, they kind of love it even if they try to manipulate the public with conflicting news.

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January 13, 2018, 06:37:51 PM
 #508

Isnt hate i believe. Just too much money laundering and they are trying to minimise any further. Until then they are just tightening not a full ban at all.
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