China has influenced the cryptocurrency market, the first time it happened from November to December 2013, it was a truly dramatic experience for all the parties involved: those months have seen the fastest increase and fall in the price of Bitcoin to date. During the period from September to November 2013, Bitcoin has gone from just over $ 100 to over $ 1000.
China's goal is to strengthen its control of cryptocurrencies such as bitcoin, a measure that could curb transactions in the country, said a state media.
The authorities point in particular to Chinese websites specializing in the exchange of cryptocurrencies, direct transactions between individuals and local companies that use platforms abroad, the Securities Times reported on its website on Tuesday.
The progress of these operations however has suffered a major setback, as the Chinese central bank has announced the immediate ban of investments based on ICO, which according to this agency "have seriously disrupted the economic and financial order."