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In May 2013, China's major state broadcaster broadcasted a documentary on virtual currency called Bitcoin. In the next six months, with the influx of Chinese funds, the value of Bitcoin soared. Unfortunately, for many latecomers, the rapid rise in the price and popularity of Bitcoin has also triggered government censorship, leading to unpredictable and catastrophic price crashes. In this Chinese special issue, financial industry expert Zennon Kapron investigated the profound effects of this mysterious digital currency and its use in China and around the world.
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Orignal From: Chattering in Bitcoin: The Past, Present and Future of Bitcoin in China
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