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Topic: China issue a nationwide ban on cryptocurrency mining, - page 2. (Read 252 times)

MiF
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Bearish news guys,SHANGHAI, Sept 24 (Reuters) - China intensified a crackdown on cryptocurrency trading on Friday, vowing to root out "illegal" activity in trading of bitcoin and other virtual currencies and issuing a nationwide ban on cryptocurrency mining.

China's State Council, or cabinet, vowed in May to crack down on bitcoin mining and trading as part of efforts to fend off financial risk.
This will surely make the Bitcoin price drop what is your comments about it, is this the Chinese strategy to earn by buying btc from panic sellers or what?
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