As negative news about Bitcoin spread, prices fell, and the market went through a turbulent period. China’s trade ban and negative criticism by the CEO of JP Morgan Chase, the world’s largest bank, have brought down Bitcoin prices.
However, an article in the Wall Street Journal indicates that the negative reviews are not over yet. According to some confidential sources, the Chinese government has officially decided to crash all Bitcoin and cryptocurrency trading, not just commercial exchanges. According to the WSJ;
“Blocking main access to foreign Bitcoin shopping sites such as Coinbase in the US and Bitfinex in Hong Kong could create a wider nuisance.”
It will be seen later whether this measure will be added to the already rumored foreign exchange bans. The source of the news and information is also kept confidential by the newspaper. The information provided is as follows:
“As those at the meeting said, officials conveyed this message to several industry executives at the meeting in Beijing on Friday. “
However, regardless of the Chinese government’s position, the Bitcoin community has reacted by placing most of the blame on Japan, where regulations are laxer. Despite the negative news, Bitcoin prices seem to have rebounded.
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