17+ China's Stance On Bitcoin Background. China has long maintained its stance on the illegality of cryptocurrency. Bitcoin lost nearly $13,800 in value, dropping from $43,840 to.
The China Crypto Fud Is Back Again But It S Misleading Cryptoslate from cryptoslate.com
The beijing arbitration commission (bac) has clarified that china has not imposed a total ban on bitcoin. China's stance on bitcoin and other digital currencies is nothing new. While the country is known for having one of the world.
In 2017, it shut down all local crypto exchanges and initial coin offerings (icos).
Put simply, if you invested $10,000 in bitcoin then you would be sitting on a cryptocurrency egg just shy of $60,000. While the country is known for having one of the world. Last month, china gave its digital yuan a test drive in suzhou. The experiment lasted roughly 10 days, but stands as a testament to china's interest in crypto beyond the bitcoin phenomenon.
