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China bid farewell to bitcoin

Publish: 2021-05-26 00:56:11
1.

Prior to that, the regulatory authorities decided to close the exchanges of virtual currency in China. On September 14, regulatory rumors finally came to the ground. Just now, bitcoin China, one of China's three major virtual currency trading platforms, announced that bitcoin China would stop all trading business on September 30

according to public information, bitcoin China is the longest operating bitcoin trading platform in China, which was established on June 9, 2011. Affected by the news, bitcoin, lightcoin and Ethereum all fell sharply

2. Bitcoin China, the first bitcoin trading platform in China, announced yesterday that it would stop all trading business from September 30 this year. In this regard, some financial people expect that some investors will not participate in the local sale before the platform closes at the end of the month. If such investors rush in from a high level in August, the losses will be very heavy
bitcoin China announced that in accordance with the spirit of the document "Notice of the people's Bank of China Central Network Information Office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the financing risk of token Issuance" issued on September 4, and adhering to the principle of preventing investment risk and protecting the interests of users to the maximum extent, bitcoin China team has carefully discussed, Three decisions were made: first, bitcoin China digital asset trading platform stopped new user registration from yesterday; Second, on September 30, 2017, the digital asset trading platform will stop all trading businesses. Third, bitcoin China's mining pool (national pool) and other businesses will not be affected by this and will continue to operate normally
affected by this news, bitcoin, lightcoin and Ethereum all fell sharply. By the time of Beijing Youth Daily, the price of bitcoin was 21600 yuan, with a 24-hour drop of 12.51%. During the day, bitcoin once fell below 20000 yuan, with the lowest price reaching 19597 yuan; Ethereum quoted 1472 yuan, down 14.56%; Lightcoin fell the most, offering 299 yuan, down more than 23%
bitcoin China, the first and largest bitcoin trading platform in China, is operated by Shanghai satuxi Network Co., Ltd., which was established on June 9, 2011. The team members are mainly from China, Silicon Valley and Europe
on March 12, 2014, bitcoin China officially launched the lightcoin transaction, with a total transaction volume of more than 30 million yuan
on September 30, 2017, bitcoin China stopped all trading business
the first time I bought bitcoin and the first time I bought Ethereum was in bitcoin China. The collapse of bitcoin China and other exchanges means that China has lost its pricing power in the field of virtual currency.
3.

On the evening of September 14, bitcoin China's official website announced that according to the spirit of the document issued on September 4, bitcoin China digital asset trading platform stopped new user registration from September 14; On September 30, the digital asset trading platform will stop all trading business





except bitcoin China, the other two platforms have not released relevant announcements yet. In response to reporters, Huo coin said that it has not received any clear documents or notices about the content of news reports. Okcoin said that the official announcement of okcoin should be taken as the standard

virtual currency has a long way to go and needs further supervision

4. According to the notice on preventing the financing risk of token issuance, there is no approved digital currency trading platform in China. According to the regulation of digital currency in China, investors have the freedom to participate in digital currency transactions at their own risk
the concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system. Unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of money circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity

warm tips:
1. The above explanations are for reference only, without any suggestions
2. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
response time: February 2, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
5. Recently, the China Internet Finance Association issued the "tips on preventing the risks of bitcoin and other so-called" virtual currencies ", pointing out that bitcoin trading platform is a tool for money laundering, drug trafficking, smuggling, illegal fund-raising and other illegal and criminal activities e to the expanding number of stakeholders and strong speculative atmosphere; There is no legal basis for the establishment of various so-called "currency" trading platforms in China
at the same time, the price of bitcoin dropped from a high level. Since bitcoin China announced it would stop trading at the end of this month, the price of bitcoin has dropped 11.3% to $3426.92, Reuters reported. This is also bitcoin's seven consecutive days of decline, becoming its longest decline in a year.
6.

On October 10, bitcoin China, one of the three major bitcoin exchanges in China, announced on its official wechat account that it would stop the cash withdrawal business at 12:00 noon on October 30, Beijing time, and ask users to reflect it as soon as possible

bitcoin China has previously turned off the digital assets and RMB recharge function at 12:00 noon on September 27, and turned off all trading functions at 12:00 noon on September 30. The other two big bitcoin exchanges in China, Huo coin.com and okcoin.com, which are headquartered in Beijing, will stop trading all digital assets into RMB before October 31, and the work of clearing their funds and assets is also in progress

7. 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.
8. Bitcoin is not currently functioning as a trading medium in China, and the rapid rise in current prices has created speculative expectations and may form bubbles in the future. Therefore, it is necessary to take measures in advance. Bitcoin is not currently functioning as a trading medium in China, and the rapid rise in current prices has created speculative expectations and may form bubbles in the future. Therefore, it is necessary to take measures in advance. Bitcoin is not currently functioning as a trading medium in China, and the rapid rise in current prices has created speculative expectations and may form bubbles in the future. Therefore, it is necessary to take measures in advance. Bitcoin is not currently functioning as a trading medium in China, and the rapid rise in current prices has created speculative expectations and may form bubbles in the future. Therefore, it is necessary to take measures in advance. Bitcoin is not currently functioning as a trading medium in China, and the rapid rise in current prices has created speculative expectations and may form bubbles in the future. Therefore, it is necessary to take measures in advance.
9. In the third year of Long'an in the Eastern Jin Dynasty (399), the 65 year old fa Xian had spent 62 spring and autumn years in the Buddhist world. After more than 60 years of experience, Faxian deeply felt that the translation of Buddhist scriptures could not meet the needs of the great development of Buddhism. In particular, e to the lack of commandments, the majority of Buddhists can not follow, so that the upper monks are extravagant and do all kinds of evil. In order to maintain the "truth" of Buddhism and correct the current malpractice, Faxian decided to go west to Tianzhu (ancient India) to seek the precepts

in the spring of this year, together with Huijing, Daozheng, Huiying and Huiwei, Faxian got up from Chang'an and started a long and arous journey to the West. The next year, they went to Zhangye (now Zhangye, Gansu Province). They met Zhiyan, Huijian, sengshao, Baoyun and sengjing, who formed a "parade group" of 10 people. Later, another Huida was added, with a total of 11 people“ The tour group went westward to Dunhuang (now Dunhuang in Gansu Province) and was funded by Li Hao (LI), the prefect of Dunhuang, and left Yangguan to cross the Shahe (longi desert) in the West. Faxian and other five people followed the messengers first, Zhiyan and Baoyun followed. The climate of longi desert is very dry, and there are hot wind and quicksand from time to time. Faxian later described the scene here in his "the kingdom of Buddha" and said: "there are no birds above and no animals below. When you look at the extreme eyes and want to measure the place, you don't know what to draw up. Only the dead bones are the standard ears." They bravely marched forward at the risk of their lives, walked 17 days and nights, 1500 miles, and finally crossed the Shahe River

then they passed through Shanshan state (now Ruoqiang in Xinjiang) to Niao Yi state (now Yanqi in Xinjiang). They lived in Niao for more than two months, and Baoyun and others arrived. At that time, because Niao Yi believed in Hinayana (Indian Buddhism is divided into two major schools of Hinayana and Mahayana), Faxian and his party belonged to Mahayana, so they received a cold reception in Niao Yi, and even had no food and accommodation. As a last resort, Zhiyan, Huijian and Huiwei returned to Gaochang (Turpan, Xinjiang) to raise funds. Seng Shao went to Yanbin (today's Kashmir) with monks from western regions

with the financial support of Fu Gongsun, a former Qin emperor, the seven men, including FA Xian, began to move southwest and cross the taklima desert. Taklima desert, also known as Tarim Desert (Tarim, in Uighur, means "can't get in and out"), is extremely dry, with great temperature difference between day and night and changeable climate. There is no such thing as hardship. As Faxian said: "there is no inhabitant on the road, it is difficult to walk in sand, and no one can compare the sufferings." After walking for a month and five days, faxianyi finally got out of the desert and arrived at yuguo (today's Hotan, Xinjiang). Yu was a major Buddhist Center in the western regions at that time. They watched the Buddhist "Xingxiang" ceremony here and lived there for three months. Then he went on, passed through ziheguo, crossed Congling, and passed through xintou. Faxian, Huiying, Baoyun, sengjing and others arrived in the kingdom of flaosha (now Peshawar, Pakistan) after staying in many countries and gandha. Huijing is ill when he arrives at the exhausted country. Daozheng stays with him for a while. Huida went to flaosha alone and met with them. Flaosha is the Buddhist Center of beitianzhu. Huida, Baoyun and sengjing returned to China after visiting the Buddhist traces here. Huiying died in fobo temple here.
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