I think that is associated to the trade matter. China has tested and released its own electronic child support. However, the paradox is that their electronic money has not had the adjust and the practical importance and not much difference compared to subsidiary electronic coins. Therefore, they are always concerned and cautious in the in the past the concern of bitcoin. I think this is the defense the Chinese supervision is careful and has measures to limit the impact of bitcoin.
Topic: Why does China hate Bitcoin? - page 4. (Read 8861 times)
since when are we focusing all our attentions to one country in the whole world?
and since when did we centralize bitcoin to only one country and stood around watching what they say or do to decide the fate of the decentralized and global currency that people created and control?
... oh right, since the bitcoin rally stopped and we wanted a drop to make profit and buy back cheaper coins!!!
Actually, the reason China is the first big government to take such action isn’t an accident. China more than any other country wants to have firm control of its banking system, and allocate credit according to a political agenda. This means that a competing currency like the Bitcoin would threaten its political system. Why not crush it sooner than later? While it is still unclear whether the Chinese government will achieve its real objectives, one thing is clear: the buzz for the digital currencies is gone, at least for now.
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 don't think Chinese people hate bitcoin. On the contrary, Chinese people like bitcoin very much. China has one of the largest bitcoin mines in the world, and China has many large bitcoin exchanges before September 4th, and many bitcoin investors in China. 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.
there may be some chinese possibility to hate bitcoin, after the Chinese Government issued a description of the initial offer of coins (ICO), some of the reasons are
1. Virtual currency is difficult to control
Bitcoin exchange rate up and down purely following the market mechanism. The government can not control the exchange rate,
2. Easy to use for fraud
3. Damaging the world of investment
4.China become the center of virtual currency transactions
5.China wants to make his own virtual money
6.Using illegal transactions.
1. Virtual currency is difficult to control
Bitcoin exchange rate up and down purely following the market mechanism. The government can not control the exchange rate,
2. Easy to use for fraud
3. Damaging the world of investment
4.China become the center of virtual currency transactions
5.China wants to make his own virtual money
6.Using illegal transactions.
I don’t see the point to focus on China. Let’s think about the whole worlds attitude to BTC?)
As long I know the chinese people likes cryptocurrency.They don't hate bitcoin. But the China's government hates it.China hates bitcoin because government couldn't control crypto currency. China want to control it their financial system.
The Chinese government hates it, because BTC's decentralization concept and their ideas want to go against it!
It is easy to exchange foreign exchange through BTC, and it is easy to transfer assets abroad!
The Chinese like to invest in BTC, but the Chinese government USES technology to restrict access to facebook, twitter, Google and so on!
It is easy to exchange foreign exchange through BTC, and it is easy to transfer assets abroad!
The Chinese like to invest in BTC, but the Chinese government USES technology to restrict access to facebook, twitter, Google and so on!
I think it just doesn't like anything foreign in general, such as Google and its services. But I think China doesn't hates Bitcoin, it's easy money for them.
I believe China does not hate bitcoin. China may hate the fact that it's untraceable, and the problems grown with MGO, where many investors were cheated and lost money, they couldn't do anything to get that. This is a risky market, some will abandon it, some will just act that they will refuse and others will continue to follow 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.
the reason China hates bitcoin because the exchange rate of Bitcoin rises and falls quickly following the market mechanism. The government is very difficult to control the exchange rate. 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 is very strange country and probably they just wanted to show their citiznes that cryptocurrencies is wrong path for China. Maybe they have other reasons...
China, like other countries, fights for primacy and applies all possible methods. Soon you will see how all the prohibitions of China will be abolished. The reason for the prohibitions was in another.
China hates bitcoin because they do not control their electricity and minimize their crypto currency. China government blocked the websites of accessing cryptocurrency or crpto trading service and initials coins offering (ICO'S)
China is a communist country. bitcoin is freedom. Freedom and communism are antonyms
China needs to step up their game. Hating on Bitcoin is dumb. Even Russia is starting to understand. Putin loves Bitcoin. If Putin loves bitcoin, then it isn't a problem with other country leaders digging deep on how bitcoin works to the lives of the people with different countries. Better understanding comes from a good leader, and when the leader of the country started to understand all about digital currency everything will be fine and new regulations will follow. Let me set aside those examples that maybe implemented, I guess the full education to people will come with regards to using it as a mode of country's payment and can be used as a primary currency. The businesses will eventually grow in the country and people's transactions and delays of payments will be eliminated so this will bring positive effect to the country's economy if the entire system will be fairly recognized.
really chinese hated it bitcoin? the proof of my neighbor chinese he likes bitcoin trading even made full time job, I think it's just an issue that intends to reduce the price of bitcoin so that the issue can buy bitcoin with a lot because of the cheap bitcoin price,
Many Chinese investors and officials have relied on bitcoins to store unknown funds. China has imposed strict rules on bitcoin to minimize virtual bitcoin accounts, with unknown origin and ownership. Minimize money laundering, tax evasion. I think it is the main purpose for China to make such decisions.
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!
I think so
The main reason China’s desire to end the United States dollar’s worldwide dominance and political hegemony. China is participating on blockchain securities settlement as well so they are fine with the blockchain technology unlike bitcoin.
my opinion china does not hate bitcoin, chinese maybe just looking for the weakness of bitcoin, or china want to make coin that can defeat bitcoin, but in my opinion bitcoin without china will be fine and still will grow and become very valuable in the future
Until now there has been no word that China will make its own coin, the Chinese government hate bitcoin because they fear that the use of bitcoin is greater than fiat so the government does not know the transaction used.
Jump to: