Cryptocurrency ban in China is one of the most discussed topics in the community.
The truth is that bitcoin thrives in the country, despite the restraining policy of the local government.
Since September last year, the Chinese government began to pursue a policy of deterring crypto currency at home in the country, and this was explained by the fact that the crypto currency is a threat to the country's economy due to the fact that it allows uncontrolled withdrawal of money from the country, and the crypto currency allows criminals to facilitate the commission of various crimes related to money laundering and others where anonymity is required. In addition, the ICO was criticized there for the possibility of using its scammers. Since then, they have been looking for their own solutions to these problems, then closing exchanges and exchangers, then banning the mining of bitcoins, then introducing other restrictions. Apparently, they did not come up with any special solutions to these issues, since the exchanges and exchangers began to open almost semi-legal. Also there, at first, they decided to issue their own national centralized crypto currency, but after a while they also stopped dealing with this issue. Such external indecision on the part of the government suggests that they have not found effective ways to solve these issues. Therefore, we can say that it is not going to prohibit the crypto currency at home in the country. This is also confirmed by the fact that recently there appeared information on the permission to conduct ICO under government control.
