Topic: Why does China hate Bitcoin? - page 10. (Read 8832 times)
Isnt hate i believe. Just too much money laundering and they are trying to minimise any further. Until then they are just tightening not a full ban at all.
I can tell you very clearly that Chinese people don't hate bitcoin, the Chinese government hates bitcoin, and the Chinese government feels that bitcoin will swindle Chinese people out of it.
I actually disagree about it. I really think that China is one of the most btc supporter and dominator. As they want to use against USD, they kind of love it even if they try to manipulate the public with conflicting news.
who said china hate bitcoin? i dont think so. banned doesnt mean hate. china want to secure their financial and make sure that there are no money laundring
China doesn't hate bitcoin, but the decentralized system itself.
In some other thought, maybe they hate the potential that bitcoin have.
That can empower an individual, and the country wants the flow of money will be around their country.
Some people think that bitcoin is a creation of japan and china and Japan they don’t have a good relations and china don’t want to use any crypto which is operating from japan and secondly china is also one of the fast growing economy in market and china don’t want to allow anyone to take over them there can also be some other reasons but as far as I know about bitcoin its very safe for any country because bitcoin is the only hope for any one. In some other thought, maybe they hate the potential that bitcoin have.
That can empower an individual, and the country wants the flow of money will be around their country.
on the glory of China will demand using bitcoin funds as well as many investors are beginning to switch to Bitcoin market thus increasing demand, and the increasing amount of cryptocurrency transaction demand is actually encouraging Chinese regulators to take action, in an effort to anticipate potential risks that arise in the future. china may have thought about bitcoin for future will be dangerous especially for china itself.
Because China wants to have control over the currency used by chinese citizens, and bitcoin doesn't allow any government to control him. Bitcoin and cryptocurrencies are a threat for banks and centralised banks.
China hates the existence of bitcoin because it is widely misused for corruption, gambling hence hence china hates the existence of bitcoin.
I can tell you very clearly that Chinese people don't hate bitcoin, the Chinese government hates bitcoin, and the Chinese government feels that bitcoin will swindle Chinese people out of it.
China is a communist country, where everything is owned and controlled by government. Acceptance of bitcoin currency is itself is miracle. How centralised economy allowing decentralised currency? Chine`s government tried to crack or trace the bitcoin transactions. But due peer to peer exchange system it is not possible unless the investor converts it in fiat currency. So Chine`s government decided to ban bitcoin currency.Bitcoin was popular in China. China was the biggest bitcoin miner in the world. This ban panicked bitcoin community a lot.
BTC and China are at odds and will continue to be so moving forward. China is having extreme issues with capital outflows and tax evasion. This is a problem that not only affects BTC.
China doesn't hate bitcoin, but the decentralized system itself.
In some other thought, maybe they hate the potential that bitcoin have.
That can empower an individual, and the country wants the flow of money will be around their country.
In some other thought, maybe they hate the potential that bitcoin have.
That can empower an individual, and the country wants the flow of money will be around their country.
I also believe on it that China doesn't hate bitcoin. China has a huge population and China's people have a lot of interest on bitcoin and personally i never see and feel that China hate the bitcoin.
May be due to tax evaders and money laundering activities in place. Due to which Chinese govt keeping a close watch on these activities as these coins are not traceable and can be easily used for any activity and also if lost , people will be looted.Hence there is a no way out for the investors to recover their money , may be this is the original reason why they have banned bitcoins.
In my opinion, as the bitcoin is a decentralized currency, and control of the state in fact can not. And China is a rigid centralized state. I think that's the reason for this
The introduction of new digital currencies , has rocked the social and economic order, creating hidden financial risks and, in some cases, fraud. This has warned the Chinese National Internet Financial Association.Chinese regulators are preparing new ICO rules and may ban them entirely until the law enters into force.This is pretty much the whole story right here...
Bitcoin is the mortal enemy of 'tracking'. Therefore China is going to continue to assault Bitcoin from every angle. You can be sure of that.
China hate a lot of things - Google, Facebook and so.Quote
" NIFA official Li Lihui told a technology conference in Shanghai on Friday that a goal of China’s monetary regulation is to ensure that “the source and destination of every piece of money can be tracked.” "
Bitcoin is the mortal enemy of 'tracking'. Therefore China is going to continue to assault Bitcoin from every angle. You can be sure of that.
I think China is not an index for the bitcoin.
In my opinion, as the bitcoin is a decentralized currency, and control of the state in fact can not. And China is a rigid centralized state. I think that's the reason for this
The introduction of new digital currencies , has rocked the social and economic order, creating hidden financial risks and, in some cases, fraud. This has warned the Chinese National Internet Financial Association.Chinese regulators are preparing new ICO rules and may ban them entirely until the law enters into force.
China doesn't hate bitcoin people of China love bitcoin and cryptocurrencies because they are benefitting from it, give all needs and wants. The Chinese government is a government that has a negative outlook on bitcoin and find a way to stop their citizens on money laundering from trading of bitcoins.
In my opinion, as the bitcoin is a decentralized currency, and control of the state in fact can not. And China is a rigid centralized state. I think that's the reason for this
China is under the control of communist party leadership and they're very conservative and rigid. Then that's why they don't want something new that will affect their economic model.
In my opinion, as the bitcoin is a decentralized currency, and control of the state in fact can not. And China is a rigid centralized state. I think that's the reason for this
The Chinese government has a habit: what can not be controlled will be embargo. But I think they are quietly developing a separate token.
This is pretty much the whole story right here...
" NIFA official Li Lihui told a technology conference in Shanghai on Friday that a goal of China’s monetary regulation is to ensure that “the source and destination of every piece of money can be tracked.” "
BITCOIN is the mortal enemy of 'tracking'. Therefore China is going to continue to assault BITCOIN from every angle. You can be sure of that.
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