cryptobitcoinsguide
Crypto Future in 2008 following the financial crisis, a paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System" was published, detailing the concepts of a payment system. Bitcoin was born. Bitcoin gained the attention of the world for its use of blockchain technology and as an alternative to fiat currencies and commodities. Dubbed the next best technology after the internet, blockchain offered solutions to issues we have failed to address, or ignored over the past few decades. I will not delve into the technical aspect of it but here are some articles and videos that I recommend:
Fast forward to today, 5th February to be exact, authorities in China have just unveiled a new set of regulations to ban cryptocurrency. The Chinese government have already done so last year, but many have circumvented through foreign exchanges.Crypto Future It has now enlisted the almighty 'Great Firewall of China' to block access to foreign exchanges in a bid to stop its citizens from carrying out any cryptocurrency transactions.
CryptoFuture Reviews To know more about the Chinese government stance, let's backtrack a couple years back to 2013 when Bitcoin was gaining popularity among the Chinese citizens and prices were soaring. Concerned with the price volatility and speculations, the People's Bank of China and five other government ministries published an official notice on December 2013 titled "Notice on Preventing Financial Risk of Bitcoin" (Link is in Mandarin). Several points were highlighted:
In layman's term, Bitcoin is categorized as a virtual commodity (e.g in-game credits,) CryptoFuture Reviews that can be bought or sold in its original form and not to be exchanged with fiat currency. It cannot be defined as money- something that serves as a medium of exchange, a unit of accounting, and a store of value.
Crypto future : https://www.cryptobitcoinsguide.com/cryptofuture/
http://www.cryptobitcoinsguide.com/bitcoin-profit/