China takes first action may hasten the end of the era of Bitcoin!

It seems that the future of the electronic currency "Bitcoin" has started to raise a lot of doubts in the recent period, especially after a firm decision of the Chinese authorities in this regard, while the electronic currencies, led by the Bitcoin high popularity led to a rocket surge in prices.

The new news coming from China has resonated in the past few days as the media reported that the BTC China platform, the Chinese e-currency platform, announced last Thursday its decision to stop all electronic transactions in the currency of the Bitcoin in compliance with the Chinese government's tightening in this area .

The Chinese platform said it would formally suspend its activities in this area on Sept. 30, in compliance with the strong warning of the Chinese authority, the National Internet Finance Organization (NIFA), on Wednesday.

She pointed out in her statement the risks posed by the circulation of electronic currencies that are not subject to any legalization, and stressed that these electronic currencies used to finance suspicious activities such as criminal operations such as money laundering, drug trafficking, smuggling and other away from the eyes of the law.

The new development predicts that the end of electronic currencies, especially the Bitcoin may be soon, especially as China is the first player on the level of the Internet in the world.