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RE: China suspending local exchanges has positives for Steemit /Crypto's in general
Some very good points. Thank you for the post.
I agree this was a good thing. However, I dont believe for a second that China is banning BTC or exchanges. China is allowing the miners to continue so it knows BTC is here to stay and it is happy. As for the exchanges, China will end up having plenty of exchanges, state owned ones.
They dont want to ban anything, they want to control it.
Yeah good points - The banking system want in :)
It is a mistake to think that they are not.
The banker playbook...demonize the asset while screaming for regulation to knock down the price so they can buy it and end up controlling it.
It works sadly.