Recently, CITIC Bank also announced on their official website that they prohibit the use of any digital cryptocurrency, including Bitcoin, Dogecoin, or other digital cryptocurrencies. When this incident happened, it also caused a lot of discussion.
We all know that the current price of digital cryptocurrency cannot rise, so many people are jumping into the trap to operate, which has caused many industries around the world to be greatly affected, especially the real economy. related industries. After CITIC issued the document, other relevant banks in China also issued documents stating that they also prohibited transactions in related cryptocurrencies.
The main reason why these banks ban Bitcoin, Dogecoin and other related digital cryptocurrency transactions is that these currencies violate current financial rules and have a very big impact on the global real economy, especially now. The computer industry has also had a very big impact. At the same time, the premiums for some current computer products are very high. Many manufacturers or individuals cannot obtain related and relatively advanced computer products. Therefore, many countries, including India, have made it clear that individuals cannot own related digital currencies, and it is illegal to do so. China has also made many decisions in this regard, but there are still very few issues under actual control. Too much is not enough, so this time many banks in China have probably received instructions from the central bank to process these currencies and suspend transactions or seal them against the relevant governments.
But looking at other top financial institutions around the world, they have also launched many related financial services corresponding to currencies, including the launch of many Bitcoin fund products or stock products, so many foreign investors may Big names in the investment circle are also relatively optimistic about related digital currencies. And many large companies, including Tesla, support Bitcoin transactions, which has led to many people currently eager to get into Bitcoin. Although many countries do not have strict supervision or have certain regulatory capabilities in this regard, looking at these top financial companies, their influence may be greater than these countries, so global Bitcoin investors are relatively optimistic. , and according to relevant industry insiders, these regulations have been proposed for some time, but the current Bitcoin market has increased 90 times. For them, this is just a relatively high-value investment product, and the risk is It will definitely exist.
Why does China ban related currencies from trading? The main reason is that it has damaged some financial markets, and it has also had a very big impact on the construction of some real industries in China. Due to the epidemic, the real industries themselves have been seriously damaged. In addition, these currencies include environmental markets. So for the entire global economy as well. Other aspects will also have a very large impact. Therefore, many countries have also stated that they strictly prohibit the transactions of related digital trading currencies.