Cryptocurrency Q&A Why does China prohibit Bitcoin?

Why does China prohibit Bitcoin?

alexander_watson_astronaut alexander_watson_astronaut Thu Dec 26 2024 | 7 answers 1220
I'm curious about the reason why China has decided to ban Bitcoin. I want to understand the background and the reasons behind this decision. Why does China prohibit Bitcoin?

7 answers

SamuraiHonor SamuraiHonor Sat Dec 28 2024
It prohibits the circulation of Bitcoin on all platforms.

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SophieJones SophieJones Sat Dec 28 2024
The government has shut down any platform trading Bitcoin.

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CryptoProphet CryptoProphet Sat Dec 28 2024
Authorities believe that Bitcoin serves as a shelter for criminal activities.

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LucyStone LucyStone Sat Dec 28 2024
One of these activities is money laundering.

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SeoulSerenitySeekerPeaceLover SeoulSerenitySeekerPeaceLover Sat Dec 28 2024
The Chinese government has implemented strict measures regarding Bitcoin.

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