Chinese Investors: The Government Doesn't Understand Anything About Bitcoin

in #crypto7 years ago

Throughout the past month, traders and investors in China have criticized the Chinese government's sudden crackdown on local cryptocurrency exchanges and tradin...

Read more     https://cointelegraph.com/news/chinese-investors-the-government-doesnt-understand-anything-about-bitcoin 

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Governments never understand new technology, and the bureaucratic instinct is to either ban it outright, regulate it heavily under unrelated old laws, or co-opt and monopolize it.

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