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RE: Latest News From Chinese Bitcoin Exchanges 9/15/2017
i think it's just temporary to slow down bitcoin rise. Chinese are also limited to transfer money overseas. But how many overseas properties are owned by Chinese. So they always have a way out
Where there is a will there's a way! The Chinese will just use VPN's to bypass the prying eyes of the government and continue trading. They are banning EVERYTHING in China right now.
The ironic thing is that they never "banned Bitcoin" just the Bitcoin Exchanges.
yes, isn't Chinese actually the biggest bitcoin miners? The more restrictions the smarter people become. They can even trade bitcoin with cash if they want to
The strange thing is that they didn't ban BITCOIN they just banned the exchanges. Mining Bitcoin is still perfectly legal in China.
That is same as Gold, they don't export it even though they are the biggest gold miners, just importing mostly. It could be the same reason with bitcoin. So Chinese can buy overseas but not allowed to sell it. And probably the government also own some bitcoins too