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Author Topic: So what the fucks up with China and Bitcoin  (Read 36 times)
kingcolex
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June 16, 2018, 03:44:25 AM
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So I get asked this all the time and figured I'd write an article on it, let me know what you think:

http://monarchcrypto.com/2018/06/what-the-fucks-the-deal-with-china-and-bitcoin


If you have any more questions let me know and I'll answer them in here about this shitty couple that is Bitcoin and China.

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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.
Menawikitajodohkok
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June 16, 2018, 04:07:15 AM
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Virtual currency is difficult to control.
Easy to use for fraud, fraud by what it is for
Destroying the investment world.
China is a major virtual currency transaction center
China wants to make its own virtual money.
Using illegal transactions. Then that country is banned .
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June 16, 2018, 12:21:17 PM
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Yes, China is using bitcoin quite smartly to improve their own economy and they are looking forward to create their own crypto. They didn't ban bitcoin and other crypto directly but put some regulations like prohibiting ICO and many more so that it cannot hamper their economy. But bitcoin is a digital currency and it is hard to regulate it.
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