Why Does china hate Bitcoin????
8 years ago in #bitcoin by cryptomaker (63)
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@cryptomaker got you a $7.51 @minnowbooster upgoat, nice! (Image: pixabay.com)
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A well-spoken video, @cryptomaker. If China cannot control something, it bans it. Of course, one doesn't have to be a communist country to take that tack. Many other countries see Bitcoin, and other cryptocurrencies as a direct threat to their financial dominance of the markets.
Fortunately, other countries, like Japan & South Korea, embrace it. We will simply see these, and other nations, take up the slack and create friendly policies that will enable these currencies to flourish.
Cheers!
Is the Pope a Catholic?
In November, the Chinese authorities officially prohibited any in-country transactions involving Bitcoin crypto currency. In addition, in December, China officially announced that it does not recognize Bitcoin as a currency, but holds it solely for a kind of commodity-type virtual goods. It was on this negative that the virtual currency sharply sagged on international toga to $ 600 against $ 1200, after which it was able to stabilize to $ 800 - according to AForex materials.
I really enjoyed listening to your view of China banning Bitcoin. Also, you speak clearly and slowly.
CCurrency market ate China news yesterday and swallow them today. It's not interesting anymore for traders
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