I think that China hates Bitcoin, with evidence that china never disagreed with rising bitcoin prices. Probably because China don't want to lose its economic competition with bitcoin. in my country there are some people can even say quite a lot, the average chinese is very rich, maybe from there is one reason china hates bitcoin because chinese do not want his wealth shifted by bitcoin.
Since when should we not focus all our attention to one country around the world?
Until we can not seize a drop of money in bitcoin to make ends meet?
Topic: Why does China hate Bitcoin? - page 24. (Read 8854 times)
In my opinion the main reason behind banning bitcoin from china is people's will addict to bitcoin rather then their fiat, and for that china will be in loss of huge taxes.cz bitcoin fees will not go to chinas govt fund.
Afraid Fiat afraid.new era has begin.
Yep Chinese don’t hates bitcoin but they need a big control in system there country. I think the chaise government don’t invest in online unknown currency they want to make their own currency is control in all world .the people of china like bitcoin and everyone like bitcoin Afraid Fiat afraid.new era has begin.
The chinese government or central bank is not CHINA.The people of China love bitcoin and cryptocurrencies.
Why it`s so important for the authorities in China to track all transactions?Taxation,money laundering or something else?Total control over the financial system is almost impossible.
Legislation in the financial sector should be limited in purpose to preventing systemic risks to the financial system and preventing financial crimes. Regulations must not be too strict, or else the global competitiveness of Chinese enterprises will be inhibited. Why it`s so important for the authorities in China to track all transactions?Taxation,money laundering or something else?Total control over the financial system is almost impossible.
It doesn't anymore. I think. They're planning to come out with regulations soon. They just have a massive money laundering problem and they believe Bitcoins play a big role on it.
Chinese don't hate bitcoin, once they were in one of the countries with maximum number of bitcoin users. China government are afraid of the illegal use of bitcoin as like other governments, there fight is with criminal mind people who are using bitcoin for money laundering and all other illegal activities. Hope so they will find a better way to restrict these criminals instead of banning cryptocurrencies.
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 dont think china hates bitcoin,they just want to make control of the system in their country.and china wasnt just represent by government.but with people the chinese,and chinese love bitcoin so as every people in the world that knows about 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.
China does not hate bitcoin. He simply established a temporary ban because of the large number of scammers who use crypto currency and want to control it.
In my opinion the main reason behind banning bitcoin from china is people's will addict to bitcoin rather then their fiat, and for that china will be in loss of huge taxes.cz bitcoin fees will not go to chinas govt fund.
Afraid Fiat afraid.new era has begin.
Afraid Fiat afraid.new era has begin.
china does not hate bitcoin. but bitcoin has become a threat to the country of china. yes that's the case, china is the biggest producer in asia about pirated goods. duplicate brands. and china wants to make its own crypto. that's what I think.
but not everything about China is true, we need to be more familiar with what China really wants,
whether about shifting their currency or they want to make their own currency cryptocurrency or the other
All the products that produces in China which are not perfect are only prepare by the people who have not job but have compulsation of having any type of job to make daily earnings .
Here the condition is also same , due to big population in china , people moving toward the cryptocurrency and thats why the big part ot cryptocurrency depends upon the china , but here government is going to take some action which is not in favour of the bitcoiners of china as well for us also because of the the down in the market of bitcoin .
it is true that Chinese bitcoiners users have a big impact on bitcoin transactions in the world
but what power is now the biggest transaction transactions have switched to another country and maybe Japan will replace it
but do not forget, now there are european countries that have started to learn and develop bitcoin that is russia.
They do prefer the things with a Chinese tag over them. I think this could not affect the BTCs because now Europeans are more into it.
china may want to protect its people that investors are still bitcoin, so as not to spend their funds for something that may be according to the Chinese government bitcoin is not profitable for the country of China.
I think the reason why the Chinese government closed all the activities of ICO in their country is because the Government they want to fully hold the control of banking systems that exist in their country, and allocate credit according to a political agenda. Because bitcoins can not be controlled by the Government, they perceive that as a threats. The government does not want to see competing currencies. They threaten their monopoly to create money and control the financial system and the economy.
It is not Truth. China doesn't hate Bitcoin. I think they have their own Idea about Digital Currency.
As far I know China wanted to make their own centralized digital crypto currency. Don't know is it possible or not.
As far I know China wanted to make their own centralized digital crypto currency. Don't know is it possible or not.
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.
This is where China and Russia are going to clash soon.Russia is essentially using and supporting Bitcoin because it is neutral and independent from the global FED led Central Banking System and its FIAT money system... however Chinas Central Bank is still partially under control of the same FED led central Banking System that promotes FIAT money...
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.
Cause state loose their money from banks into bitcoin and they are loosing control. It is normal they hate bitcoin and people of China love bitcoin 
I think their reasoning is the same as the reason government from other countries is bitcoin can be used as a tool for money laundering, tax evasion, etc. but there is something strange, why they do not prohibit bitcoin mining maybe they want to create their own crypto currency.
It will not work if China hates Bitcoin. Because it is impossible to ban the Bitcoin network, they just shut down the companies. And they hurt their own economy.
China controls everything. Bitcoin and Crypt are independent. One can restrict access. This situation is disturbing ...
China does not like most of its people investing in bitcoin as a result of which its national currency losing its value.Further,it does not want its wealth being transferred to outer nations via bitcoins.It feels that even though it regulates bitcoin exchanges to strictly follow KYC,still it would be impossible to trace all the transactions.It also does not want to lose tax revenues by allowing bitcoin.So,it just decided to take very severe measures against bitcoin and related platforms.But,i personally feel that they could have followed the model of japan regarding regulation of bitcoin.
The main reason of china’s hate is that he fear he may loss his currency because in china people start taking more interest in bitcoins, and this fear the china’s internal economy. So they took this nonsense decision and now their own people are complaining about this decision and asking to take it back.
Doesn't the whole world kind of hate Bitcion. Government wise speaking. As soon as they know what value goes around without being able to get tax out of it, it's pretty much an enemy.
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