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June 16, 2018, 03:57:39 AM |
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One of the popular virtual money alias cryptocurrency, Bitcoin, is experiencing a decline in the exchange rate. Chinese policy is the reason. The Chinese government issued a policy prohibiting the transaction of initial coin offerings (ICO). The ban was issued not without reason. there are several reasons Bamboo Curtain banned Bitcoin transactions. This is what happens between China china and bitcoin and the reason China refuses bitcoin. Virtual currencies are hard to control. Easy to use for fraud. Destroying the investment world. China is the center of virtual currency transactions. China wants to make its own virtual money. Used illegal transactions Bitcoin transactions are difficult to trace. It is used by irresponsible parties for money laundering, drug sales, smuggling, and other illegal activities.
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