China is planning to cut off domestic access to platforms and exchanges that enable people to trade digital currencies, it has been reported.
Bitcoin and all other major digital currencies plummeted after it emerged that trading could be banned in South Korea.
Speculation around the Chinese government’s plans for a major bitcoin crackdown have likely also contributed to the huge declines that have happened across the board.
Bitcoin and all other major digital currencies plummeted after it emerged that trading could be banned in South Korea.
Speculation around the Chinese government’s plans for a major bitcoin crackdown have likely also contributed to the huge declines that have happened across the board.
I believe so too. Which is why I am a bit worried for my current investments. But even so, I do not plan to quit since even if these two countries really do ban bitcoins and all the other crypto currencies out there, there will still be a whole bunch of countries that will still be letting their people use crypto currencies or at least do something to regulate it to make it something that is really traceable and cannot be used for criminality. So let them be, it will be their loss, not ours.
