China is afraid. Bit-coin is an unregulated way of moving money out of China and they are known for keeping the movement of money in and out of china under very strict control.
The only way of regaining this control is by forcing all major companies to ban bit-coin.
You think the companies are happy about this they were making a very nice profit from the transactions.
It's obviously a matter of controlling the flow of money (or capital in general). I fail to understand how anyone thinks this demonstrates a flaw or shortcoming of Bitcoin.
The only way of regaining this control is by forcing all major companies to ban bit-coin.
You think the companies are happy about this they were making a very nice profit from the transactions.