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RE: Binance in Malta. China Fights to Control Crypto

in #cryptocurrency7 years ago

China has already declared total war on cryptocurrencies after witnessing frenzied speculation and growing popularity among investors over initial coin offerings (ICOs) and bitcoin trading. After failing to snuff out such trading by shutting down domestic exchanges, authorities have blocked all websites related to cryptocurrency and ICO trading – including foreign platforms to quash the market completely.

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The Chinese government’s rolling clampdown has roiled global markets for bitcoin and other digital tokens over the past few months. Regulators around the world are stepping up scrutiny of cryptocurrencies amid concerns over excessive speculation, money laundering and tax evasion.

Yea china though lives in its own world

Um new, its good to see knowledge out here