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RE: Concise analysis; is China going to ban Bitcoin and cryptocurrencies?

in #bitcoin7 years ago (edited)

No body of the Chinese government has issued an official statement to the effect that cryptocurrency exchanges in China are to be closed. It is a rumor. I wouldn't put it past some Chinese officials starting rumors like this in order to cause the prices of cryptocurrencies to dip in order to buy them and sell for profit after an official statement is issued to the effect that no actions will be taken.