Dec 172013
 
Bitcoin and China—The Regulators are Coming, The Regulators are Coming!

China’s recent aggressions towards bitcoin are foreshadowing how other governments will likely react to the cryptocurrency’s popularity. While it took some by surprise, I think what we are seeing is a clear picture of what happens when the state realizes the threat posed by bitcoin to its own fiat currency. China has in the past, made moves to bolster the yuan as a formidable opponent to the petrodollar. By suggesting pegging the yuan to gold […]