【2017-10-11】Is China Secretly Nationalizing the Bitcoin Industry

[Simple8.1]

There have been conspiracy theories suggest that the Chinese government attempts to nationalize the bitcoin ecosystem after China’s ban on ICOs and crypto services. But no evidence has shown that the PBOC or other supervisory authorities are working to monopolize the bitcoin world as they have generally done in other sectors.

However, this National Holiday witnessed the born and spread of rumors indicating that the watchdog is taking actions to manipulate the market.
On October 8, two official WeChat accounts posted pictures claiming that Binance released the latest version of the app for iOS with the ID of Ping An Bank Co., Ltd., which caused a huge buzz on Chinese social media.

Facing the barrage of doubts, He Yi, CMO of Binance, replied on Weibo that it has become so cheap to start a rumor and they only worked with one of Ping An’s subsidiaries. But the post has been deleted now.

http://news.8btc.com/is-china-secretly-nationalizing-the-bitcoin-industry

[Irvinn]

From China, only rumors and unconfirmed information reach us. Officials of China for some reason are silent and this generates uncertainty. There was information that China is going to somehow regulate the Crypto-currency from itself on October 1, rather than ban it. Instead, the rumor of some nationalization of the crypto currency is spreading. Crypto currency is by nature not privatized and not nationalized.