September 21, according to "The Wall Street Journal" reported that China 's regulatory currency against the virtual currency did not let the industry fanatical supporters quit. On Wednesday, hundreds of Bitcoin traders and block-chain technical experts gathered in Hong Kong for a two-day meeting. And the meeting was originally planned to be held in Beijing. According to the organizers of the meeting, the currency of the company, the recent action taken by the regulatory body, in order to ensure the smooth holding of the meeting, after a comprehensive trade-off, the group decided to change the meeting place.
John McAfee, the founder of McAfee, a security technology company, is looking forward to the desperate. He had been a wanted man in the past because of his encounter in Belize. McAfee said China's move is only the beginning of the winter, the situation will get worse.
He predicts that the virtual currency industry will continue to develop, virtual currency creators, designers and innovators will find a way to survive, they have been doing it in the future.
Recently, the Chinese regulatory authorities have decided to fully ban China's special currency trading channels. McAfee believes that this move is not limited to the closure of Bitcoin Exchange, China's plan represents the global government to control the bitter currency transactions to take some of the most stringent measures.
With the rapid rise in virtual currency prices, the rapid growth in the market, leading regulators worried that the money market is full of speculative bubble bubble. Bitcoin is the largest currency in the virtual money market, and the price of each bitcoar is now around $ 3,900, up more than 500% from the same period last year and $ 4,500 earlier this month.
JP Morgan Chief Executive Officer James Dimon said the Bitcoin deal was a scam and would eventually collapse. Bridge water fund founder Ray Dalio earlier this week also said that Bitcoin is a market bubble.
Previously, China once occupied the vast majority of the total amount of Bitcoar transactions, but now the ratio is less than 15%.
Coin to see CEO and co-founder Liu Yang said that Chinese investors can still use real-time news applications and other tools directly trading bit currency. "People use microseconds to get acquainted with others, communicate, buy and sell, and nobody knows why someone is going to transfer, and now that behavior is everywhere."
According to bitcoin website data, despite the limited trade, but by virtue of the so-called "mining", China is still the main creator of Bitcoin, the recent global creation of nearly two-thirds of the coins are from China.
Bitcoal traders and platform operators said on Wednesday that China has not banned Bitcoan mining companies to do business. The mining company operates a large number of computers for mining, mining new digital money .
Large Bitcoin mining machine manufacturers in mainland bit Technology Co., Ltd. CEO Han Wu Ji said in an interview, said, "While some of the rumors circulating in the market, but he has not yet heard the Chinese government's official stance on mining." Wu Ji Han Said that if Bitcoan mining companies face more stringent regulation, this will not end the bit currency, but will certainly hit the price of Bitcoin. McAfee compared China's bitcover with the US ban on sugar in 1920-1933. He said that the US ban on wine did not prevent people from drinking, but the drink into a criminal act, and gave birth to organized crime. McAfee says he can be sure that the same thing happens when encrypting digital money .