Bitcoin trading in China is under tremendous pressure, as Chinese authorities continue to run the gauntlet into cryptocurrency trading and suspending transactions. The authorities claim the move is aimed at minimising the risks for its people.
The authorities added that these restrictions would remain unchanged for some time into the future. This has resulted in a dip in Yuan’s investing in bitcoin. The ban was imposed back in September 2017.
Research director of Zhongguancun Internet Finance Institute claims that the policy of the government is well intentioned and has been successful in curtailing trade in these virtual … (full story)