China Bans Bitcoin Is A Good Thing

0

Today, news surfaced that China had issued a final and complete ban on Bitcoin. Harsh, it seems, right? Headlines of the likes of “China declares cryptocurrency transactions illegal; Bitcoin price falls” invoke a sense that not only this is big news but also that Bitcoin suffers from it. Well, despite a couple of daily red candles, both are wrong.

China has been trying to ban Bitcoin for years. The first time the Chinese government sought to prohibit the usage of bitcoin in the country took place in 2013, only a few years after Bitcoin was born. Since then, the BTC price in U.S. dollars has catapulted.

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy