Why China banned bitcoin？

[Junkymuff]

After the year 2026 China will have no choice than to legalize bitcoin

[Hopeliza]

Because the government in China doesn't want the Bitcoin to exist in their country. There's a lot of reason why they not allowing it in Country of China but I can't specified it.

[bayu7adi]

As far as I am concerned, China only does BAN on ICO, because ICO has been unable to take responsibility for the investors' funds received
many of the ICO's are SCAMs that are closely watched by governments or agencies, and since then, there are many organizations that limit crypto space.

[JustQueen]

Government in China banned it in their country naybe because they eant to create their own digital currency that only going to exist in their country and also not allowed to use it in other countries.

[nhanlvcskh]

Is China banned from Bitcoin? I just know this. However, China has a lot of new projects.

[Chronos_angel]

Some people feel that china forbid bitcoin nowadays has a considerable effect on bitcoin prices some exchange sites in tion forbid bitcoin because many people tion tion use cryptocurrency than their local currency and China forbids bitcoin trade because they think through bitcoin many Chinese millionaires send money out of their country to buy international countries that will be a disaster for their economic climate.

[Df9898]

because china worries corruption results stored in the bitcoin.

[Sam San]

After the year 2026 China will have no choice than to legalize bitcoin

by 2026 will be produced almost the entire, bitcoin block value will be of 6.25 BTC. whether someone will need bitcoin after 2022 is a big question.

[Jocuserious]

Actually I read in one article some days before ago China did not banned in bitcoin.i think so that now this time to fair.i have some friends in China I will ask him again. I know some days before their given me information accept it bitcoin in China...

[yusupjatigumilar]

probably because China wants to make its own crypto currency, because if the Chinese people still use crypto currency other than their country's crypto currency then it will be futile because their currency will not be worth it because it lost by other crypto currency

[Mudah_rezeki]

The Chinese government will ban the trading of digital currency criptocurrency, including bitcoin, in the Chinese bourse. The plan immediately cut the price movement of this digital currency.
The ban plan comes amid tightening financial risk ahead of the Chinese Communist Party's overhaul of leadership in October. China's Central Bank, People's Bank of China (PBOC) has also recently completed criptocurrency trials it is trying to develop on its own. This is why China is banning bitcoin. want to develop own criptocurrency.

[xeomthanhpho]

I think the near future China will develop block chain technology like other countries. At that time, China would participate in the crypto 4.0 race. go to moon