Topic: [2014-05-12] USCC: Bitcoin’s Uncertain Future in China (Read 591 times)
I read the whole article, and found there was only a inaccurate description of the current status.
http://origin.www.uscc.gov/sites/default/files/Research/USCC%20Economic%20Issue%20Brief%20-%20Bitcoin%20-%2005%2012%2014.pdf
Quote
USCC Economic Issue Brief
No. 4 | May 12, 2014
Bitcoin’s Uncertain Future in China
Lauren Gloudeman, Research Fellow
Bitcoin is changing the way the world thinks about money, and its impact is growing, especially in the United States. The driving force behind Bitcoin’s explosive growth in 2013 was the entry of the Chinese market, while Bitcoin’s subsequent slump in 2014 is largely derived from prohibitive measures issued by China’s central bank. If Chinese authorities continue their crackdown on Bitcoin, the global market and, by extension, the U.S. market, may be severely impacted.
...
No. 4 | May 12, 2014
Bitcoin’s Uncertain Future in China
Lauren Gloudeman, Research Fellow
Bitcoin is changing the way the world thinks about money, and its impact is growing, especially in the United States. The driving force behind Bitcoin’s explosive growth in 2013 was the entry of the Chinese market, while Bitcoin’s subsequent slump in 2014 is largely derived from prohibitive measures issued by China’s central bank. If Chinese authorities continue their crackdown on Bitcoin, the global market and, by extension, the U.S. market, may be severely impacted.
...
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