Topic: Why does China hate Bitcoin? - page 14. (Read 8832 times)
China doesn't hate Bitcoin as they are the greatest investors of BTC.
Because the Chinese government believes that bitcoin can not be controlled, it will undermine the Chinese market economy and think bitcoin is dangerous. Bitcoin is anonymous, bitcoin can be exploited by criminals and criminals, and the government can not trace criminal minutes. So the Chinese government does not like bitcoin. 
I think they don't hate bitcoin. Its just they want to have a currency that the government can control of it but since bitcoin is decentralized, no one can control of it and that is one reason they ban it in their country. They want also a currency that they can be track but as we can see, no one can track the transactions on the blockchain.
As far i think, so the only reason i get for the fact is that they have not good control on their mass or are unable to educate them mentally so not to get involved into wrong matters, so they blame bitcoin for it. Secondly their biggest fear can be the downfall of their own currency by introducing bitcoin in their own country. But soon they will realize that running without bitcoin in today is getting harder 
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.
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.
For me china doesnt hate btc. They hate that btc is untraceable and can be used for bad intentions. And not just china alone. Every government is not happy with this. But btc is built this way so they can adjust and make regulations and such.
Because bitcoin is anonymous and hard to track, bitcoin can be used for money laundering, the Chinese government does not like bitcoin, and bitcoin can cause chaos in China. 
I don’t understand why people blame bitcoin for their own mentality, its not the bitcoin which is compelling the people to do wrong or get involved n crimes but it is their own mental makeup, and when it comes to countries then the fact is that bitcoin is more comfortable than their normal currency people will prefer bitcoin over their currency so they are afraid that their national currency will fall by accepting bitcoin. 
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.
from your statement or for your research the answer is on that . bitcoin is decentralize and we know that bitcoin is untraceable i'm right yeah ? so if the bitcoin is untraceable then china does not allowed any money that untraceable so in that statement the answer is that. china hate the bitcoin because they don't know where the bitcoin find if the problem or issues on bitcoin was happen. i think they hate it because they only want the money that if a have a problem on that they want to contact what that is 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 do not think China dislikes bitcoins. looking at it at a larger viewpoint, bitcoin has been utilized by some individuals unlawfully, for example money washing. Illegal actions which are financial in nature is now able to untraceable via bitcoin, that's precisely why the far east dislikes bitcoin.
They don't hate Bitcoin, they are trying to control it. They don't wanna Bitcoin will affect badly in their currency.
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.
I think China hates bitcoin because I believe China doesn't hate bitcoin. China might hate the fact that it's untraceable, and with the problems that rised with the ICO's where many investors were scammed, and lost money, they couldn't do anything to retrieve that. It's a risky market, some will opt out of it, some will just act that they will opt out, and others will continue following bitcoin 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.
It is not good to say China hate Bitcoin. The main problem with bitcoin is that transactions are not traceable and there is no regulatory to control bitcoin. There are a number of ICO scam and farads
transactions where the investor loose there money. China want to regulate bitcoin.
transactions where the investor loose there money. China want to regulate bitcoin.
They are worried that bitcoin can't be tracked and money can go to a wrong direction for illegal stuff for sure people are really intrested in to cryptocurrencies because they can send recieve funds without paying 3 rd parties
China is not totally hate bitcoin. Actually, this bitcoin was being ban by China to enforce capital control. The point is that the Chinese leadership would do anything to keep the Chinese economy going in order to keep power of these important juncture in Chinese history. Messing with the bitcoin for that matter, is one of the tools to meet their goals before summit.
Because bitcoin is anonymous and hard to track, bitcoin can be used for money laundering, the Chinese government does not like bitcoin, and bitcoin can cause chaos in China.
Not only does, bitcoin make investing in real life difficult. When all investors ignore it and invest what they have into bitcoin. A simple solution for the Chinese authorities with illegal schemes for collecting funds using counterfeit digital coins was the ban crypto stock exchange.
Therefore, China hates bitcoin because of fraud, speculation
because chinese government think that bitcoin and other coin help can be help full for money launder.and i alsoI think not all Chinese people hate bitcoin! there are only some especially there government but that is not hate! I think they just made rules for the safety of taxtation system and for money laundering.Therefore, China hates bitcoin because of fraud, speculation
chinese not hate bitcoin , the main reason is the chinese government . if the leadership didn't like bitcoin ,
the people are no way to touch bitcoin. but bitcoin is decentralized， they want to ban is really irony
the people are no way to touch bitcoin. but bitcoin is decentralized， they want to ban is really irony
China does not like most of its individuals purchasing bitcoin as a result of which its national currency dropping its value.Additional,it doesn't want its wealth becoming transferred to external nations by way of bitcoins.It feels that even though it regulates bitcoin trades to purely follow KYC,nevertheless it would be not possible to trace all the transactions.It also does not want to shed taxes income by allowing bitcoin.So,it simply chose to consider severely measures towards bitcoin and associated systems.But,personally, i feel that they could have adopted the model of japan concerning regulating bitcoin.
A simple solution for the Chinese authorities with illegal schemes for collecting funds using counterfeit digital coins was the ban crypto stock exchange.
Therefore, China hates bitcoin because of fraud, speculation
Therefore, China hates bitcoin because of fraud, speculation
I think they don't hate bitcoin. Its just they want to have a currency that the government can control of it but since bitcoin is decentralized, no one can control of it and that is one reason they ban it in their country. They want also a currency that they can be track but as we can see, no one can track the transactions on the blockchain.
China hates bitcoin maybe because of its unstable price, bitcoin is being used in fraud and in illegal activities the fact that it is untraceable too. Maybe they want bitcoin to more public.
because it leads to the lack of control on money, where it goes, whom it goes to.
simply put it makes controlling the country difficult.
simply put it makes controlling the country difficult.
They are worried that bitcoin can't be tracked and money can go to a wrong direction for illegal stuff for sure people are really intrested in to cryptocurrencies because they can send recieve funds without paying 3 rd parties
they worry because more towards bitcoin can not be controlled by them so they apply the regulation that ban local exchangesand it indirectly banned bitcoin. to use for the wrong direction I disagree because I think all the currency that has that value can do that. bitcoin is decentral it can be an advantage to use as you say where there is no third party and could be a disadvantage where there is no support like in china. Jump to: