While China concentrates a large part of the volume of Bitcoin, the situation could soon change by a strict governmental measure that could prohibit trade with cryptomonas.
| Bitcoin. ©2013 Various Artist |
Last week, China had already banned the ICO (Initial Coin Offering), which involves the purchase of digital assets (token) using cryptomonas. These tokens are then considered as prepaid currency, which then circulates more easily on exchange platforms.
If China wants to put an end to cryptomonias, it is because in the last four years the Bitcoin has become a safe haven for Chinese investors even though the government voluntarily maintains a Yuan low enough to promote exports. At more than 4000 euros from Bitcoin, investors from the first hour are now making fortunes and the investment remains promising ...
The Chinese central bank has drafted a bill to prohibit Chinese platforms from offering virtual currency trading services according to the Wall Street Journal. Moreover, it would also be necessary to limit the money laundering carried out on these platforms and regain a certain mastery in the capital flows of Chinese nationals.
The flight of uncontrolled capital to foreign countries is also at the heart of the government's concerns.
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