China bans bitcoin news
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A network baseline allows for the identification of malicious activity in real time. Citing worries over its instability and use for criminal activity, government officials in South Korea have banned ICOs and recently passed a law to prevent cryptocurrency deposits into anonymous bank accounts. Meanwhile, India's government warned this month it would not recognize cyber-cash as legal tender, and signaled an outright ban on the use of Bitcoin and other cryptocurrencies for illegal purposes and within the country's payment system.
In the US, the authorities have been relatively gentler, however, have begun measures to shut down dodgy ICOs and bring charges against cryptocurrency scammers.
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Why is Bitcoin fscked? Here are three reasons: China has become the latest nation to attempt to cripple crypto-coin trading within its borders.