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China Launches Fresh Bitcoin Crackdown

Started By Andrzej Srankiewicz , Jan 10 2017 06:36 PM
bitcoin china crackdown

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Andrzej Srankiewicz
  • Andrzej Srankiewicz
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China is struggling with containing capital flight out of the economy. Due to economic uncertainty, most Chinese investors feel safer investing abroad than in China. The most recent attempt to control capital flight in China has been an attempt to seal off the Bitcoin corridor.

Every country becomes a skeptic if its citizens transfer their wealth to other countries in large volume. The Chinese government is struggling with a grave problem of that caliber. People transfer wealth to another country when they are not sure of the political or economic future of their home country. 

You can read the full article here: https://coinidol.com/china-launches-fresh-bitcoin-crackdown/

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