In recent weeks, Bitcoin has come under fire from Chinese authorities. Reports suggest that the People’s Bank of China (PBoC) has been meeting with bitcoin exchanges to discuss a potential ban on the digital currency. So, why is China banning bitcoin? There are a few reasons why Chinese authorities might be looking to ban bitcoin. […]
How Can China Ban Crypto
Cryptocurrencies are not illegal in China, but the Chinese government has taken a number of steps to restrict their use. In September 2017, the Chinese government announced that it would prohibit Initial Coin Offerings (ICOs). An ICO is a way of raising money by selling digital tokens. In China, many companies had been raising money […]
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