What is the real stand of China government with regards to bitcoin?

[Leo Barnes]

Thursday specifically saw Twitter-based news resource cnLedger reproduce photographs of a Chinese luxury car dealer in the city of Shenzhen which appear to show models on sale for the cryptocurrency.

https://bitcoinist.com/lambos-china-luxury-cars-crypto-despite-ban/

https://pbs.twimg.com/media/DVf9P4fU8AA2eUP.jpg:large

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[ericaltm]

Old picture. But this still doesnt mean China is openly allowing crypto. Someone could have printed that for fun to shill BTC, just saying.

[svetochka.yakovleva.93]

china used to be the law-maker in the crypto market! but now they have limited the development of the crypto industry! it attracted to the fact that many companies and miners left for other countries! I think that in the near future, China will lift all restrictions on the eradication of the crypto industry! it's very good that there are companies in China that take crypto coins!

[r32godzilla]

China has never had a clear and real stand about Bitcoin.It always confuses the world about its true motive.Its really a million dollar question that whether China would support bitcoin or not.

[MVT_Freedom]

I hope they will give out an official statement about their stance sooner than later.

[adzino]

The real stand of Chinese government with regards to bitcoin is actually totally unclear. But we do know that they are not taking bitcoin and other crypto currencies friendly. They are trying to strictly control bitcoin and are taking steps that might eventually cause people in China not to be able to use crypto currencies at all. They already banned all kinds of ICO and are restricting access to foreign exchanges. Currently they are cracking down all "illegal" mining farms. How they define the legality of bitcoin mining farm is not known to us.