The fact that the Chinese government issued several warnings in the past and infact it was even predicted that any holder of Bitcoins will suffer greatly.
But did anything happen ?
No.
Only minning was made illegal and other than that people can still hold bitcoins and can through very limited things trade P2P.
I think this particular thing right now that is happening with the banks should grab the attention of Indian government too so as how they cannot just ban it.
People will still use it.
Am happy that the Chinese government is now taking some interest in Bitcoins.
Topic: Bank Of China Is Promoting Bitcoin And It Sounds Very Bullish! - page 4. (Read 999 times)
OP, it might be a trap, whatever their game is. Why would the bank of China educate the people about Bitcoin? Bitcoin is a takeover, they don't want people in their country using it.
Or is the Bank of China HODLING?
Or is the Bank of China HODLING?
Indeed, we could be into something here. I am sure that the Bank of China will not do or promote something like Bitcoin if there is no approval from the top (or from the government itself). Since the government of China is not really known to be very transparent, we could not surmise the many developments or updates taking place in the country as far as cryptocurrency is concerned. This shift of outlook can be borne out of the fact that the government is seeing Bitcoin as one of the many tools it can use to undermine the value of the US Dollar. Will this mean that more and more moneyed Chinese to adopt Bitcoin? I think that is quite a possibility...this is really worth watching as it seems that the Chinese market is now fully waking up (after a good deal of bad news in the past two years).
Bank Of China, one of the China's state owned banks is educating their citizens about bitcoin, explaining how it works, why bitcoin has a value, why the price is going up and it sounds very bullish. Yesterday bank of China published an infographic article. The infographic is explained in three parts. In the first part it explains the history and a white paper, mining, how it works, benefits of using bitcoin.The second part explainst the historical price and volatility. The third part explains bitcoin's adoption! This looks like China is more open for bitcoin. Maybe we are at the begining of something big here.
https://openapi.boc.cn/inews/index.html?from=singlemessage&isappinstalled=0#/authorPageDetail/1000899?channelId=110000&fromShare=1&inComeSource=zyzq-main
https://openapi.boc.cn/inews/index.html?from=singlemessage&isappinstalled=0#/authorPageDetail/1000899?channelId=110000&fromShare=1&inComeSource=zyzq-main
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