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China’s Central Bank Warns ‘Bitcoin Will Die’ — Here’s How

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By Tyler Durden | 5 December 2017

ZERO HEDGE — On the heels of a weekend full of threats and promises from governments, bankers, and the mainstream mediaBitcoin was lambasted once again overnight, this time by The People’s Bank of China.

For a brief 6 months or so, China was the dominant region for Bitcoin in the world, but then — as capital flows accelerated — the government and central bank began to ‘crackdown’ on crypto, first by banning ICOs and then shutting down local exchanges. Volume disappeared …

Looking back at the crackdowns, QZ reports that Pan Gongsheng, a deputy governor of the People’s Bank of China, believes Beijing made the right decisions[…]

1 Comment on China’s Central Bank Warns ‘Bitcoin Will Die’ — Here’s How

  1. Who was it that said bitcoin was a fraud a couple weeks ago on this site? Hmm, who could it be? I also said that that hungarian nazi soros is behind it. Can’t confirm that yet…

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