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❕NEWS China reaffirms bitcoin ban

AudraMiller

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There has been much talk recently about china and there has been a lot of rumours that are going around as well that deals with this country and their view on cryptocurrency. We all know that china was one of the countries recently that banned cryptocurrency within their borders, and this caused a massive tank in the bitcoin and cryptocurrency price as well. However in a recent article it was shown that they are actually considering bitcoin to be a virtual asset. This however does not seem to be the case as a news article that was released today actually shows that the central bank in China is reinstating the ban on Bitcoin reiterating that it is illegal. What do you think is the reason behind this uncertainty with bitcoin and china?
 
I agreed to your submission . Mining on phone is a sheer waste of the time and it could damage your phone due to the excessive heat generated during mining. It's better to by miners to carryout mining proper.
Definitely, if you don't have the capacity to mine bitcoin due to cost of purchasing the facilities, it is advisable to join mining pools and invest.
 
China's recent stance on bitcoin and Bitcoin mining has really been disturbing for miners and cryptocurrency traders in the country.
Their decision really affected the Market some months back.
 
They are just reaffirming to show that they don't have any future dealing with Bitcoin , but this is not good most citizens in the country are ready to capitalize on the importance of it , even if it's not legalised
 

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