China has banned Bitcoin multiple times, but Bitcoin has always managed to bounce back. The first ban was in 2013, when the People’s Bank of China (PBOC) issued a notice prohibiting financial institutions from using or trading Bitcoin. The PBOC also warned against the risks of Bitcoin investing, citing its […]
Tag: bitcoin regulation China
Is Government Regulation the Answer for Crypto?
According to Lawrence Lerner, CEO of Pithia, a Seattle-based blockchain venture capital fund, governments’ understanding of cryptocurrency and distributed ledger technology is fundamental to their acceptance and use worldwide. Historically, we’ve seen crypto prices spiral downward when a country, perhaps seeking to protect its citizens or due to a lack […]