China Has 145 Bitcoin Nodes Online

0

Despite the recent Bitcoin ban in China, the country still has at least 145 Bitcoin nodes online, according to data from Bitrawr.com. While centralized firms such as the BTC exchange Huobi and the ecommerce shop Alibaba are withdrawing bitcoin-related services from the Asian country, distributed systems like the Bitcoin network itself can stay put.

On September 24, the People’s Bank of China (PBoC) called for a nationwide ban of Bitcoin and cryptocurrencies by reposting a memo from September 15. The statement outlined a federal effort to restrict BTC usage out of “economic and financial order” concerns, calling prominent financial institutions in the country to help the PBoC prevent Chinese citizens from trading the asset.

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Your email address will not be published.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