China discourages investment in Bitcoin and Altcoins

It is a curiosity. Because Fiat money and precious metals are currently lost in the stronger. Nevertheless, China warns of investment in the crypto market.

Government of China currently holds little of crypto-currencies

All with views of the Corona-crisis: The Blockchain and the crypto-world has problems of their own in the difficult Phase. This also includes warnings such as the Bank of China. Because the Chinese Bank warns private as well as commercial investors of these days once more about to invest money in Bitcoin and Altcoins. There’s no question that Such messages do not make prospective decisions easier. Instead, the messages are fuelling the reluctance of potential investors, keep the Coins like Ethereum or Litecoin for meaningful Investment. The Corona-induced crisis has achieved, without question, the crypto market. But China’s assessment of many investors deters even more.

Exchanges to manipulate the prices of BTC and co.?

So clearly, the trading volume has fallen to exchanges such as Binance also, you may doubt it because the market calls in total to the distance. Especially as The interest could rise meanwhile, many stock markets again. It is so debatable, why the Bank of China (BoC) via WeChat yesterday warned to invest in crypto-currencies. An Option: China could take for the First of his digital Yuan distance. This should be competition for Facebook’s currency is Libra. The main focus of attention was the warning to crypto-Bots. In addition, the warnings on foreign stock exchanges that are not licensed in China to refer to. Especially possible manipulation in crypto rates are the trigger for the alarm in the direction of the investor to the spe on the part of the Bank of China.

Crypto-Investments are currently more risky than usual?

Such price manipulations particularly in the area of the lever trade like contracts for difference, according to the Bank, a risk. International money laundering highlights the Bank also. That service providers, such as Alipay set the payment with Bitcoin and co. recently, the BoC also as a useful Argument for the rejection of digital currencies. Nevertheless, the state wants to continue as planned on the technology of the Blockchain. By 2023, the government of China would like to plug in but, nevertheless, more than two billion USD in the development of the technology. Corona will also lead in China to a delayed implementation of the plans for a national digital currency.

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