What’s Really Behind China’s Crypto Ban?

According to economist author and professor Mourdoukoutas in Lew Post in Forbes, China's cryptic restrictions can be a temporary step to please international agencies and some Communist party members before the coming Communist Party Conference.

Mourdoukoutas has seen that the presence of Bitcoin threatens China's government and the big banks.Bitcoin is able to convert Chinese Yuan to the Regular and become the property of cryptoncurrency wealth when banking system loses its worthwhile

In the near term, Beijing's Wikipedia's economy and its banking system's threat is very small. Therefore, there is another motivation behind the ban, Moddoches said, like international agencies like S & P Global, the government needs to show that it governs the country's financial system and credit terms.

S & P downgrades China

If this was the aim of the government, however, last week, S & P China had also disproved, but it did not work.
S & P wars to resist the recent regulatory resistance methods of Beijing to endanger China's S & P King's credit rating to endanger the war, due to Beijing's "recession credit due to growth-D-risk" Not so running for S & P analysts are looking at the corporate sector's credit at 9%, which is higher than the relative proportion. The US Credit Rating Agency has said that "we can be slower than before this year" compared to the efforts of China's elimination.