You are viewing a single comment's thread from:
RE: Bitcoin Bulls - Silver Lining in China Mining Ban
It hard for the banking systems to take place when it comes to cryptocurrencies, since it bypasses the banking system and the goverment losses control over its economy. Same thing happend in Ukraine and Russia some months ago. They try to hunt down miner but they dont make it illegal to use bitcoins yet, since theyll be left out and lose a lot of money. I other countries you can even rent a room in a hotel using cryptocurrencies like dogecoin
I agree with you. I think they are afraid of losing control. They have a lot to lose so I certainly hope they'll not rush into anything stupid. I think China has a tendency to ban first think later :)