Loading ...The Chinese authorities are being severely tested by Bitcoin. They fear the capital flight when used for exporting wealth, but on the other hand they want to encourage the use of Bitcoin transactions…. but only in the ‘approved’ Chinese manner.
Bitcoin is proving a bit ‘slippery’ for Chinese control and containment. Again… they cannot alter Bitcoin. They can only nab the users at the point of purchase/sale in or out of bitcoin to other currency.