Why doesn't China issue bitcoin

1. First, bitcoin is not issued by the monetary authority. It does not have the monetary attributes of legal compensation and compulsion. It is not a real currency. Here, we have to compare the properties of bitcoin and currency. Take bitcoin as an example, it belongs to a virtual asset of the network, and there is no specific issuing institution, while bitcoin is calculated by network nodes. In contrast, money is a commodity separated from commodities and fixed as a general equivalent. As a result, bitcoin cannot replace traditional currency. Today, management has made it clear that bitcoin is not a real currency, that is, it denies the currency status of bitcoin. Second, bitcoin websites should earnestly fulfill the legal anti money laundering obligations such as customer identification and suspicious transaction reporting, and effectively prevent the money laundering risks related to bitcoin. As a virtual asset of network, bitcoin has an unpredictable regulatory risk. Due to the anonymity and decentralization of the ownership and circulation of bitcoin, it is difficult to guess the regulatory risk of bitcoin. With the significant improvement of bitcoin's global influence, it has graally become a place for some criminals to commit money laundering and other violations. Undeniably, this also provides an effective way to deal with the regulatory loopholes of bitcoin. Third, all financial institutions and Payment institutions are not allowed to carry out business related to bitcoin, price procts or services with bitcoin, buy or sell bitcoin or act as central counterparties. In essence, the management prevents a series of unpredictable problems by blocking the bitcoin related business of financial institutions. Of course, this move is to a greater extent considered from the perspective of national strategy.

2. It's too difficult to make bitcoin now. Try symbiotic coin. It won't be officially launched until January 29, 2018
the earlier you join, the better
online symbiotic coin official website, register an account, and then bind Aoyou browser account to mine
now you can only invite to register, you can use 100 times invitation code
ers5hz

3. It is easy to understand that the main reason is that the negative impact on China's economy and society is unforgivable. First of all, these computer geniuses have a good desire to create algorithmic digital currency, but because it has no value base, the consideration of bitcoin is dominated by underground economy from the beginning, and then it becomes a tool for speculation. Secondly, every surge of bitcoin is related to Chinese speculators, which is basically the result of domestic speculation and malicious speculation. This kind of malicious speculation not only has a serious impact on China's financial market, but also creates conditions for many illegal funds to flee. Third, bitcoin and other algorithmic currencies have never served the real economy in China, and have promoted the development of the real economy. On the contrary, let the funds serving the real economy flow into the market for speculation, which has a serious crowding out effect on the real economy. Fourth, under the above circumstances, bitcoin and other so-called "algorithmic digital currencies" will surely become increasingly tools for money laundering, drug trafficking, smuggling, illegal fund-raising and other illegal and criminal activities, and the responsible government must absolutely own this market.

4. First of all, bitcoin does not have the credit basis to become a reliable currency. Other digital tokens can be created arbitrarily by imitating bitcoin, which will disrupt the monetary system, affect the actual effective money supply, and interfere with the government's intervention in the economy through monetary means
Second, the current price of bitcoin has risen rapidly, has formed speculative expectations, if not stopped in advance, will eventually form a bubble, bringing huge losses to some investors and financial institutions, and undermining the stability of the financial system.

5. Bitcoin is a virtual currency
investment risk is great
it is basically a black market transaction
not advocated by the state
at the same time, there is no way to ban it.

6. There are no legal documents or regulations to ban bitcoin in China
on December 5 last year, the central bank and other five ministries and commissions issued a notice on the risk of bitcoin, which defined bitcoin as a special Internet commodity and denied its monetary attribute. However, people can buy and sell bitcoin freely at their own risk. Most of the major countries in the world also take a cautious attitude towards bitcoin, but most countries define bitcoin as an asset.

7. First of all, the first point is that bitcoin is mainly used for investment at present, rather than the main payment function of currency, and bitcoin is very hot in the world, resulting in great investment risk. Risk is one of the reasons why countries reject bitcoin

Second, bitcoin, as a financial currency in China, will directly adjust the status of RMB as the only legal tender, resulting in the decline of RMB's status
thirdly, the investment in bitcoin was in full swing before, resulting in a large amount of outflow of local currency, which will have a very negative impact on the domestic economy.