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China Bans Bitcoin Is A Good Thing

Today, information surfaced that China had issued a last and full ban on Bitcoin. Harsh, it appears, proper? Headlines of the likes of “China declares cryptocurrency transactions illegal; Bitcoin price falls” invoke a way that not solely this is massive information but in addition that Bitcoin suffers from it. Well, regardless of a few each day purple candles, each are unsuitable.

China has been attempting to ban Bitcoin for years. The first time the Chinese authorities sought to prohibit the utilization of bitcoin within the nation befell in 2013, only some years after Bitcoin was born. Since then, the BTC worth in U.S. {dollars} has catapulted.

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