‘Thermador’ fridge parts, refrigerators parts, and thermos parts to be sold on Bitcoin-based exchanges
Today’s news is not exactly good news for Bitcoiners.
Bitcoin is currently suffering from the most serious issue of all.
In the past, the cryptocurrency has been unable to meet its target of reaching a price that would allow the average consumer to afford the necessities of life, such as refrigerators and thermador refrigerators.
However, the Bitcoin price has continued to skyrocket.
Since July, Bitcoin’s price has jumped over $3,000 from its recent low of $2,500.
The price increase is due to the fact that the Chinese government is now cracking down on Bitcoin transactions, effectively banning the digital currency from the market.
However these actions have not been enough to completely kill the Bitcoin market.
With the introduction of a new Bitcoin regulatory scheme in China, it is likely that this will soon become a major factor in the cryptocurrency’s future.
In addition, the Chinese Government is currently also considering a new law that would ban the use of Bitcoin for international transactions, which would potentially put Bitcoin’s value at risk.
If this law is passed, the price of Bitcoin will likely fall, which could lead to a crash of Bitcoin prices.
According to an article on CoinDesk, the government is currently discussing a number of proposed measures that would make it easier for the government to ban Bitcoin and other cryptocurrencies.
The proposed laws are to include “counterfeit goods” and “virtual currencies” as the types of goods and services that can be banned, as well as the definition of “money laundering” as well.
The article does not say which types of cryptocurrencies would be considered as counterfeits, but the list of banned products includes Bitcoin, Litecoin, Dogecoin, and Ethereum.
In short, the proposed Chinese laws could be used to ban any cryptocurrencies that would be deemed to be “counter-feit”, such as Bitcoin.
This means that any Bitcoin-related goods and/or services that are sold online or via physical or electronic means will likely be banned as well, unless the government can prove that the goods or services are actually counterfeit.
With this in mind, the fact remains that Bitcoin’s recent price increase has put a severe dent in the Bitcoin’s long-term future.
The cryptocurrency could be facing another serious correction in the coming months.
However, the future is still uncertain.
The Bitcoin price could continue to rise, which will lead to another price crash.