The Central Bank of China does not recognize Bitcoin and other digital money as a form of legitimate payment. China's banking system does not accept such activities as legal payments.
China has taken a series of steps in recent months to suppress the digital currency market, including shutting down and banning early digital fund-raising.
Pressure on the Bitcoin market after the United States on Thursday said the online trading platform of digital currencies "has the potential to break the law" so it must be registered on a regular basis. but a number of supporting applications are growing very fast.
"If it develops too fast, it has the potential to have a major negative impact on consumers, and there may be some unforeseen effects on financial stability and monetary policy transmission.
