The People’s Republic of China is among the most repressive countries in the world in applying crypto money printing.. The Beijing administration, which uses all its means to legally stop cryptocurrency holders from purchasing cryptocurrencies, continues its oppressive warnings to its citizens not to own cryptocurrencies, stating that citizens who want to buy cryptocurrencies have rights, but these rights may only be valid if certain precautions are taken.
The citizens of the People’s Republic of China, on the other hand, state that as more than 3.1 million crypto money holders, they will continue to buy cryptocurrencies in the future if they are sure that they will continue to earn as investments.
Millions of cryptocurrencies. They state that they should act by considering the citizens and investors in the crypto money decisions that the government of the money owner country will take, otherwise they are concerned that this may cause economic chaos in the Beijing administration and problems for crypto money investors.. The names of the Beijing administration’s economic officials think that they have not yet decided how they can take legal measures regarding crypto money holders, but they never want the citizens of the country to own crypto money and that investors are at great risk and should risk losing their money in the future by buying crypto money.
People living in the People’s Republic of China, who are torn between buying or not buying Bitcoin, think that owning crypto money is one of the most natural investment rights of the citizens of the country, if buying Bitcoin will not cause a problem for the government (it is thought not to) to the security of the state.. Citizens are also worried about whether they prefer a certain exchange when they buy cryptocurrencies, because the Beijing administration states that those who prefer cryptocurrencies can request some information from the exchanges by the state, and that the crypto money exchange must provide them with all the information requested after the information to be requested.
Beijing Cannot Track Cryptocurrencies
Beijing administration does not express this openly and cannot give reasons why it does not want cryptocurrencies. The reason why the Beijing administration is worried about cryptocurrencies and is applying pressure is that 1.6 billion citizens want to know what they do financially, how much money they have and where they spend this money. Beijing, who allegedly uses a number of monitoring tools to have information about their habits, stated that the social scoring system will be tested for 20 thousand people in a short time, and that its citizens who visit their families, pay attention to their kinship relations and regularly spend money have higher scores. They say that they will be able to benefit better from the opportunities in the country by getting a low score, and that their citizens with low scores can be prevented from benefiting from certain services by getting a lower score.. While this is one reason why the Chinese government is worried about cryptocurrencies, the other reason is how much of its citizens can follow.. Since cryptocurrencies cannot be recorded and it is not known where, when and by whom the cryptocurrencies are sent, Beijing thinks that there may be security problems in case of potential problems. He is sure that if he gets the coins, he will face big difficulties and security problems.. Articles published on cybersecurity sites that conduct local Bitcoin research in China think that the country’s government can only follow a certain citizen and that while it is possible to follow some of the crypto money holders, it may never be possible to follow others.. In the country where VPN and some of the other internet tools are prohibited, it is stated that the concern that it will not be possible to follow the transactions of crypto money holders living in the People’s Republic of China who use crypto money exchanges outside of China.
Beijing is not the only one
The Beijing administration is not alone in these concerns. However, the other concerned states, which are still trying to research how they can track cryptocurrencies and take security measures, do not have an oppressive role as Beijing.. There are governments that think that it is not entirely possible to monitor cryptocurrencies, and that the most reliable and healthiest methods and legal decisions can prevent citizens from experiencing possible problems by being cautious about cryptocurrencies.
At the beginning of these governments, the Norwegian government and some other governments. there are governments. Since the legal measures taken by Norway will come into effect after 21 days, the country thinks that it is not correct to frequently warn its citizens about crypto money, it would be more appropriate and effective to warn at intervals and legally take steps within a certain limit in the country.
Beijing, on the contrary, is taking such steps, fearing that they are a country where more citizens live and that if they do not take an oppressive attitude, there may be more problems due to the increase in the number of people who buy cryptocurrencies.