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    Author Topic: What are the effects of bitcoin on China's money market and capital market?  (Read 178 times)

    • ommochain (OP)
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    January 26, 2018, 06:41:22 AM
     #1
    Do you think bitcoin has an impact on China's money market and capital markets? Please give me your opinion.

  • dicom
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    January 26, 2018, 06:44:05 AM
     #2
    Although in my eyes bitcoin is money. But I also admit that Bitcoin is very weak and not a currency in the general sense of the public. For ordinary people, it is now an opportunistic product. The impact on the money and capital markets is negligible, with one billion transactions in a single day, and the volume is high due to exchange-free fees.

  • antchains
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    January 26, 2018, 06:45:54 AM
     #3
    For China, the security issue is a widespread threat. The solution to the outflow of funds is to rely on Bitcoin as a tool to avert China's harsh capital controls. The vulnerability and uncertainty of cryptocurrencies in China's economy may continue to increase.

  • rontme
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    January 26, 2018, 06:47:17 AM
     #4
    In fact, there is not much impact.
    First of all, his body mass is not large enough to affect any real economy and financial market.
    Second, the government now sequesters the possibility of a massive connection between Bitcoin and the real economy.

  • selfsell office team
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    January 26, 2018, 06:51:08 AM
     #5
    Quote from: ommochain on January 26, 2018, 06:41:22 AM
    Do you think bitcoin has an impact on China's money market and capital markets? Please give me your opinion.

    The main problem with bitcoin in China is not with it affecting China's currency and capital markets, but rather with the anonymity of bitcoin that prevents the government from monitoring bitcoin transactions, thereby creating criminal activities such as money laundering, guns Drugs and other illegal transactions. Causing serious harm to the management of the country. Therefore, the Chinese government will strictly monitor it, but it is not totally prohibited.

  • zhangfeng666
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    January 26, 2018, 07:01:45 AM
     #6
    The Chinese government considers bitcoin illegal.
    Bitcoin is tightly regulated in China.
    The Chinese government believes bitcoin helps criminals commit crimes.
    It will encourage money laundering and crime.

  • CryptoMauren
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    January 26, 2018, 07:34:24 AM
     #7
    Quote from: ommochain on January 26, 2018, 06:41:22 AM
    Do you think bitcoin has an impact on China's money market and capital markets? Please give me your opinion.

    China poses a wide-ranging threat. That is directly related to the increase in capital flight which relies on bitcoin as a tool to avoid tight control of Chinese capital.

  • CrystalPham
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    January 26, 2018, 07:49:48 AM
     #8
    China is the largest bitcoal mining site in the world and therefore, if the business platform of Bitcoin NDT is not licensed, mining in China will be interrupted, affecting many participants as well. As a result of Bitcoin sales pressure.

    As a result, miners may switch to coin replacement or mining in other areas outside of China. If this happens, the global Bitcoin system will change and alternatives will have more growth opportunities.
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