Heres when Bitcoin recovers Fed and Chinas Central Bank be damned. For anyone who has followed the crypto-currency scene for a. China Moves Towards Tougher Bitcoin Regulation But Not To Outright Ban Jihan Wu Bitcoin Cryptocurrency Foreign Following the ban the Shanghai-based BTCC bitcoin exchange was forced to close its Chinese trading operations. China did not ban bitcoin . It seems the impetus for this decision is the recent volatility of Bitcoin. However later that year financial regulators including the PBOC banned banks and payment companies from providing bitcoin-related services. Investors should note that at this time China has not banned individuals from holding cryptos. It is excruciatingly difficult to ban people from using code on the internet. Chinas government is starting an all-out war against bitcoin and other digital currencies by banning fundraising through initial coin offerings and shutting down all mainland. This article clarifies the. Ask Chi...