![download.jpg](https://steemitimages.com/DQmZLnCMpp2uJkTzegRULi64REDicShChEDceSToeD26c5r/download.jpg)In an interview with People.com, a professor at the Guangwa School of Management, a business school of the government-owned education institution of Peking University, confirmed that the Bitcoin could not be banned. Over the past two weeks, rumors of a possible ban on China's Bitcoin exchange platforms have led to a retreat in the currency market and the overall currency market. Although China is not the main market for the Bitcoin exchange in terms of volume, it still has some impact on the global Bitcoin industry as a mining power. Official reports and statements by the Chinese government and financial regulators were not issued, but Caixin, a state-owned news agency, said at the outset that the Chinese government was considering implementing the ban on China's exchange platforms nationwide. This was followed shortly by Western news publications, including the Bloomberg and WSJ publications.
Earlier in the day, on September 14, Merkel reported that the National Association of Internet Finance (NIFA) issued a statement on the issue to clarify the rumors circulated about the prohibition of Chinese Bitcoin exchange platforms potential. The association assured the Chinese digital currency industry that the currency of the Bitcoin was not illegal and that the Chinese government was simply looking to establish a licensing program for these Chinese exchange platforms. It will not block Pitcairn exchange platforms but will impose licenses to regulate trading platforms, in order to provide a more equitable and transparent ecosystem for both users and businesses.

In a similar time frame, Xiao Lei Liu, a professor of finance at Guanghua Administrative School, stressed that it is highly unlikely that the Chinese government and its financial regulators will eliminate existing regulatory frameworks, which the Chinese government and exchange platforms have set up to create huge amounts of resources. So you simply will not block Bitcoin exchange platforms in general. He also encouraged the Chinese government to regulate the technology of the Betquin and the Biloxin in a way that benefits companies and users. Where Professor Liu wrote:

"It's impossible to ban the Bitcoin, but we're just planning to regulate its trading. Our business should also benefit from the technology of plucin as a whole. "
Throughout the month of September, Bettkin, Atheerium and the digital currency market generally struggled to recover from negative news and controversy. The decision of the People's Bank of China (PBOC) coincided with the ban on initial currency support (ICOs) with rumors from Caixin, regarding the possible ban on Chinese exchange platforms nationwide.
However, in the coming weeks, with the Chinese government giving a statement on the issue and rumors of a ban on the ban on China's Bitcoin exchange platforms, Chinese petco-yuan exchange markets will be able to recover quickly. Once the Chinese exchange market finds stability, the upward momentum of the global Bitcoin market and its investors is likely to be stimulated, pushing the currency of the Bitcoin and other digital currencies to new record highs. The Finnish central bank also confirmed in its latest research that it is important for traders, investors and users of the currency of the Bitcoin to understand and recognize the fact that it is not possible to ban, control and suppress Bitcoin. All that governments can do is help and facilitate the development of the Bitcoin as a technology and market, or isolate itself from this area as other regions flourish.