Charlie Lee, the creator of Litecoin, said China will not ban bitcoin mining operations or the bitcoin network. He says the rumors are being propagated by large-scale traders who are attempting to manipulate the bitcoin price.
With this tweet, Lee joins MGT Capital’s John McAfee in contradicting a series of rumors suggesting that China would widen its crackdown on cryptocurrency to extend to mining. Citing a conversation with Bitmain co-founder Jihan Wu, McAfee stated that regulators will not make mining illegal.
Very interesting ! don't you think?
I don't think China would ban crypto currency but place a hault to ICOs. It was getting a bit out of hand.
Is this really true? This is bad. -(
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