China

A Chinese Congresswoman’s  suggestion that the Central bank of China regulate Bitcoin trading pushed CoinIdol.com to talk about the problem of Bitcoin AML with experts in different countries around the world.

China seems to have reached the point of giving up on the hard bitcoin regulations which were being attempted by the People’s Bank of China. By creating its own cryptocurrency, Chinese authorities can have leverage on the currency and thus more control.

China is losing a good portion of its forex Reserves in, what is considered to be by many people, an attempt to raise the value of the Chinese Yuan. China, which got hit by hard monetary issues through most of 2016, still continues to struggle to completely offset its economic woes.

On a continuous regulation drive against capital flight and in an attempt to block all loopholes that allow large sums of money to flow out China, the PBOC have intervened to block margin-based and zero-fee Bitcoin Trading. The Chinese government is still struggling with the massive capital outflow from its economy.

This video is brought to you by CoinIdol.com in partnership with Koles Coin News Channel

This video is brought to you by CoinIdol.com in partnership with Koles Coin News Channel

China is struggling with containing capital flight out of the economy. Due to economic uncertainty, most Chinese investors feel safer investing abroad than in China. The most recent attempt to control capital flight in China has been an attempt to seal off the Bitcoin corridor.

This video is brought to you by CoinIdol.com in partnership with Koles Coin News Channel

The year 2017 promises to be a really Happy New year for Bitcoin users, beginning with a sharp rise of the Bitcoin price to $1000.