ÐIGITΛL ΛSSΞTS EÐUCΛTION LLC: China Banned Crypto Payments Before, Carry On

Wednesday, May 19, 2021

China Banned Crypto Payments Before, Carry On

China banned #crypto payments in 2013 & 2017. It has been banned for years. They issue a statement reiterating this ban and the Mainstream News runs these headlines...

Good for clicks though 🖱 pic.twitter.com/SEWOlXJLu4
— Coin Bureau (guy.eth)🕵🏻 (@coinbureau) May 19, 2021

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What Is Bitcoin BTC?

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.

Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”

Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.