"If anyone gave me $1 each time China bans cryptocurrencies, I would become a millionaire" (folk wisdom).
Following the yesterday's ban of advertising cryptocurrencies in the only district of Beijing (followed by the dump of Bitcoin, thx to mass media and stupid traders), the Chinese government issued another order, the essence of which is that the Chinese government generally recognizes cryptocurrencies as a financial instrument
, but requires separate regulation of each coin.
For some unknown reason, there is too few mentions of that in the media, but we were able to find a copy of this order: https://goo.gl/jnCfvw
#China #FUD #bitcoin