Why did China ban bitcoin? | And what does that mean for the rest of the world?

Although cryptocurrency is often considered to be beyond the reach of any government, China’s recent efforts to ban bitcoin shows the potential weaknesses of cryptocurrency systems as well as some other interesting phenomena.

What is the future of the Chinese cryptomarket?
How does it affect the rest of the world?
What is the future of cryptocurrency in general?

#Facts
#China
#Bitcoin
#Cryptocurrency