What is the truth about Bitcoin?Ten years ago, an intangible and invisible currency came into everyone's sight.What is Bitcoin? Bitcoin is the world's first decentralized digital currency, which can be transmitted over the internet
What is the truth about Bitcoin?
Ten years ago, an intangible and invisible currency came into everyone's sight.
What is Bitcoin? Bitcoin is the world's first decentralized digital currency, which can be transmitted over the internet. Compared to other currencies, Bitcoin can transfer money from one person to another through the internet without the need for banks or any intermediaries. You can use it in any country, and your account cannot be frozen, and there are no conditions or restrictions for using it.
Since it is so convenient, why is it prohibited? Because it is essentially a decentralized digital currency that transfers transactions without the need for third-party approval, Bitcoin is particularly prone to being used for pre existing and other illegal transactions. And precisely because Bitcoin is not subject to any national legal regulation, it can be used to transfer a large amount of funds from China to overseas, leading to capital outflows and instability of the national economy. Therefore, of course, it must be prohibited.
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