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4 thoughts on “wholesale jewelry buying groups for jewelry trade Why is it illegal to carry out Bitcoin transactions in China?”
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sign language jewelry wholesale Bitcoin has become the most popular cryptocurrency in the world. For Bitcoin transactions, there are state permission, but there are also countries prohibited, and my country belongs to the latter. Why does China shut down Bitcoin transactions? Let's analyze this issue today.
On the evening of September 14 last year, Bitcoin China announced that all transactions will be stopped at the end of this month. On the evening of the 15th, Huobi.com and OKCoin successively announced that the registration and renminbi recharge business will be suspended from now on, and all users will be notified to stop transactions by September 30. At this point, all the three major domestic Bitcoin trading platforms have announced that they will take a rest for the trading business.
The people are puzzled, why do China shut down Bitcoin transactions? First of all, Bitcoin does not have a credit basis for becoming a reliable currency. Other digital tokens can imitate the creation of Bitcoin arbitrarily, which will disturb the currency system, affect the actual effective currency supply, and interfere with the government's economic intervention through currency means.
Secondly, the current price of Bitcoin has risen rapidly, and speculative expectations have been formed. If it is not stopped in advance, it will eventually form a foam, bringing huge losses from some investors and financial institutions, and destroying the stability of the financial system.
Bitcoin does not have the function of trading medium in China, so it cannot be called currency. At the same time, Bitcoin has the function of storage value and has a certain investment value. However, the rapid rise in current prices has formed speculative expectations. In the future, bubbles may be formed. Therefore Money laundering and transfer of assets illegal behavior.
wholesales jewelry to resale Bitcoin has been born for ten years, from the original mining games in the initial a few geeks, to the small batch of regular troops to test the water, to the price of Bitcoin, and later pushing the blockchain to the wind. The changes brought by the world are rapid and intangible, but even so, Bitcoin is still placed on the edge by mainstream forces, and the believer can only look at it from a distance. Recently, a case ruling by the Shenzhen International Arbitration Court (Shenzhen Arbitration Commission) gave a dose of strong heart agent to the digital currency industry. Illegal acts. According to domestic laws and regulations, Bitcoin does not have monetary functions.
women's jewelry accessories wholesale Although I do n’t understand Bitcoin, as long as the country thinks it is illegal, you should not touch the laws of different countries.
wholesale costume jewelry wedding rings To be honest, Bitcoin is a good thing. The key is whether supervision and economic systems are suitable for its development. Whether the country’s economic network soil is suitable for his development. In China, business operators are too concerned about speculation and shortness.