Bitcoin Forum

China is always two steps ahead of all other countries in terms of future tech and I think the reason why they ban crypto miners is because of their CBDC but what will happen if other countries later follow the same steps? Will this put crypto in trouble?

They are feeling worry if crypto will be disrupting the digital yuan and that's why they were banning the crypto and try to distribute CBDC through various ways.
People can still interact with crypto even china was banning it and im sure there will always be people who use crypto. Crypto is far better than china CBDC that totally controlled by the PBOC.
we need to see more developers to work on it in the future to create a bridge for crypto to CBDC

Banned news from china is lame news.

This news has already been used for a decade and last few years, do you remember 2017? we also have ban news from them and guess what. We still survive even reached new all-time high. IMO, never trust any ban news from china cause in next few month then they will tell again accepted cryptocurrency ;D doing the same things again by baning them if reached all-time high ~XD.

One thing is for sure, and that is that not every country is as dictatorial as China is, the Chinese government have banned quite a lot of things, not just Bitcoin mining and that's cause they act in their best interest and not in the interest of their 'common' citizens, thus I'd not use China as an example in this sort of discussion, cause there are only a very few other countries that operate in the manner China does.

Having said that, centralized governments have little or no say in the future of decentralized crypto, that's why many of them want a CBDC of their own, one they can control how they like, dex crypto like Bitcoin would continue to develop cause it's a project that is sustainable for the long period, that's not to say there will not be more sanctions or regulations from governments, but it would not really mean much, especially in the long run, the network functions without a third party and the government is one.

I don't think so.
It's just China have that type of strategy to impose ban for miners for some certain regions and if they're going to pull out most of their miners, it's their lost and they should've close their mining manufacturers.

I have never really had the impression that other countries, especially Western countries copy China's strategy. Rather it was the other way around except for political ideologies. China isn't ahead two steps everywhere in technology. Most of the technology they have available today was bought or copied from other parts of the world. They are acquiring tech companies like crazy. What they are doing well though is to keep those companies researching and growing. By now they are slowly but surely pumping out innovations that is fully under their control and in their possession.
I think when China bans crypto there might be well developed nations around the world that could see Bitcoin as an opportunity rather than a threat. The key is to integrate it wisely into your economy. I don't know how that could work without undermining one's own financial system, but maybe some governments find smart ways.

Actually, if we talk about this, I don't agree with saying that China is two steps ahead of the others. If we say that it is more advanced than other countries, of course, they will not be in second place at this time, they will definitely be the first.
but indeed China's strategy is very good both in terms of technology and the economy. Since the late 1970s the Chinese government has made various efforts to improve its economy. This included making aggressive central planning, taking advantage of the advantages of cheap labor, devaluing the currency, and developing a strong factory system to spread its products around the world.
so here if you look at the strategy they apply it will make sense when they ban bitcoin mining for the sake of advancing their project (CDBC). although this is very hated by people who adopt bitcoin (I am one of them) but they stick with their stance and strategy and I am quite amazed by that kind of thinking

China is a socialist country, and virtual currency is a product of decentralization, which is not suitable for China's national conditions. But I think virtual currency is an investment resource, as long as it can bring gains, it will still exist.

China is a country that has good human resources for all fields. However, this country has always placed itself at number two in everything, the technology they have is also quite good for now.

Other countries can't possibly position themselves like them, it's almost impossible for that, I don't think it's a problem if all countries do the same with them.

Crypto will continue to develop without the presence of any country, today we have seen the existence of crypto in the world, that there is no dependence between them in developing, indeed there are some influences that can weaken crypto, but not so meaningful in my view.

Pretty sure if every countries followed the same banning, they could have done it already long time ago but they didn't so...
In the end, people can still have the means to use crypto even if such bans in mining and even trading happen.

China will make anything to be centralized because china wants to control it. This is a common thing for sure. You must see that if after announcing the CBDC and then china was banning crypto caused by they know that if they can't control crypto and that's why they were doing the last decision to ban crypto from there.
Im sure that we will able to enter into the china again dude. So many people are still using crypto

Even with China's CBDC and their ban on Bitcoin it can't stop Bitcoin from been in use. Bitcoin existed before any other digital currency and has done well before some countries decided to adopt it. If other countries decides to ban bitcoin Completely a better technology will be developed to enhance it's useage and circulation

You think bitcoin was better but the PBOC think if CBDC was also better than crypto. I think that the the main problem that was affecting crypto already solved. The new bitcoin house will come and we didn't need china again. They will give up with the domination of crypto in the future. The time well tell us about that but im sure that there will be bunch of developers create the gate to the CBDC
Crypto is just getting started now.

I rather think it is a backward step instead of embracing future technology. But who I am to say, the policy surely made for their own benefit, and China is an influential country that their own move is thoughtfully considered.

Well, just like what currently happening to the miners. Does the latest China miners crackdown put crypto to trouble? no, It's not.

A global mining crackdown is highly unlikely, there will always be countries that ban mining AND embracing cryptocurrencies mining. Those governmental moves will coexist without all countries being forced to ban them, just like what happens to El Salvador.

At the very least all the miners will move to the place where they are able to maximize the profitability, and be safe in therm of political consequences.

The future of crypto is much better crypto will not be affected even if china bans it. Increased activity in blockchain space may also be related to the growing popularity of the epidemic crypto industry the use of cryptocurrencies has increased further and most people currently involved in the gambling industry are actually aware of the many benefits of bitcoin and other digital currencies. As the demand grows crypto is gaining new confidence.

In as much as they are trying to protect their digital currency, but one will ask, how people will even use it the way they use Bitcoin? A user in China can send Bitcoin to anyone in the world but can same be said of their digital yuan, so that means in addition to having a digital yuan people will also hold Bitcoin since it offers them no sort of restrictions. Also, since they banned miners, what have happened to Bitcoin? It is still here and rather other regions have started embracing miners which means that there are still a lot of countries that understands what Bitcoin offers and how it will influence the future positively.
Also, another thing that is already happening now is, China will soon lose their relevance in the crypto space, that is, unlike before they can release any type of news they want which will affect the market but sooner than later nobody will care again, thus they are not ahead of any country but backwards when it comes to crypto.

If that happens, then the crypto world will certainly be a problem. But have we ever imagined that if any country sees crypto as a solution to economic recovery, what will happen?
Therefore, regarding the future of crypto, it all depends on how we think and those who have a role in the state system.

when entering in the crypto market I see china after 2 years make a drama for the market down. after someday they give permission to it so I think china cant dump its market again pump so I think the future of crypto is too much good.

That is probably a little off topic here but i strongly disagree with your statement that china is always two steps ahead of all other countries in terms of technology. In terms of environmental protection, until 15 years ago they were at about the same level as the majority of Western countries were in the 1960s and 70s. At that time, China was still discharging highly polluted wastewater directly into rivers and doing similar things. The air in Beijing is still so dirty that there are disproportionately more miscarriages and other health problems there than anywhere else. So in this area they are 10 steps behind rather than 2 steps ahead.
I doubt that western country will forbid crypto mining just because china did it. China does not serve as a role model for Western countries, maybe it does for a few other asian countries.

If there are indeed many countries that prohibit crypto, of course it will make crypto even more chaotic and decline. Although currently there are still many countries that accept crypto and it is unlikely for crypto to be destroyed, but we must also be vigilant and remain calm. There's also a lot of news out there that vilifies crypto and that makes a lot of people worried. If this continues, I am afraid that the popularity of crypto will decrease and it will affect the market because many people are panicking and selling their crypto assets. That will make the market even more chaotic. Never mind, we have to put that thought aside and keep thinking positively about crypto that crypto can still and will still be able to provide benefits for us.

I don't think other countries would do the same thing because we all know that Bitcoin is too beneficial in the economy. Most countries are actually embracing it and I do not doubt that more adoptions would happen in the future. China on the other hand has banned Bitcoin mining because they would prefer to use their own currency which they could have their full control.

I do not think the country that prohibits or ban crypto will increase as we already saw those countries accept crypto, especially bitcoin. China can ban bitcoin or crypto for an unknown time but it will not stop bitcoin from reaching more people from other countries. Later on, maybe China will regret banning bitcoin and not allowing their people to mining bitcoin or using bitcoin. China will see the advantage of bitcoin to help many people out there and China will start to accept bitcoin again.

China never invented anything, they just imitated it...

crypto growth continues to increase from year to year, of course many countries will not be left behind with this trend. CBDCs will definitely continue to appear but they are not following China's lead. The CBDC that will be carried out by many countries in the future is definitely only to attract crypto enthusiasts.

How come the news made by China always has an impact on the crypto market?
The panic could happen because in China there are many crypto trading holders and players. the case of crypto mining is one of them. That's what makes the market a surprising move.
I believe this is related to the large crypto asset holdings in China. they panic about their government regulation.
otherwise, how can regulations for China affect the crypto market so strongly? this is really a drama.

There is nothing to worry about this, every country can make stable coins and they can't prohibit someone from owning Bitcoin and altcoins, in the country I live payment transactions using crypto are prohibited, but there is no prohibition for investment, we can wait for some other good news like countries El Salvador and I hope that when many countries create systems like China, then they will definitely buy Bitcoin as a digital asset that is very valuable for global economic competition.

Yes if all other countries at once come together to ban crypto this could affect crypto greatly but I don't see this as a possibility, there is no such hostility towards crypto that will result to such drastic measures, even though some countries are not friendly towards crypto but didn't impose harsh laws in crypto either, i think the future of crypto is bright base on all the institutions joining crypto.

I don't think other countries will do the same what China did to ban Bitcoin mining, presently we have a fresh example in the form of El Salvador as we know the government of El Salvador has legalized Bitcoin after understanding its potentials and this is going to leave a positive impact on other countries hopefully we may see some more cryptocurrency adoption in further time by various countries.

I don't understand the relation between banning crypto miners and the development of future tech. Crypto miners were using graphic cards and consuming a lot of electric energy. But it wasn't like a hindrance for future tech to be developed. I think the reason why China is ahead is different than this.

 Now Cryptocurrency become  most of the  popular in overall word Because Crypto playing a vitel rule in many thing like transection and more In other countries Crypto payment are also accepted And in future I hope many companies and industries start to getting payment in Crypto so there is no dout that the crypto have a great future 

China who?
Why would world follow them if they are literally against them? With the COVID effects many industries have started moving out of the China and shifting to nearby giant country like India and some part of Europe. Whether it’s Apple, or pharmaceutics company they are constantly moving their base to new location due to China’s furious financial bills.

Remember, banning crypto is china’s big mistake because with modern world comes modern techs and China will fail in providing that if they don’t accept bitcoin.

was it japan is the country that is leading when it comes to techonology ? also singapore too but china can be squeeze in this list .
if china bans btc it does not mean that others will follow too because they think it was a cool trend .
 other countries can properly make use of cryptos , it can benefit them but banning crypto mining will only affect the operation of crypto in thier country .

But there's a reason why China has been doing that. They might ban anything that they want that intervenes with the government's interest. Some reason that we've seen is just all about the electricity consumption and temporary bans have been done for its solution. But as for China, they're banning mining but they are also one of the biggest source for the equipment that's being used for mining, manufacturers are found there and companies that's related to the supply of it. We cannot really depict what China is playing.

Future of crypto is Privacy Protocol tokens.

Monero for transactions, Opacity for Storage, Waves for DEX

To start, I would say that China historically has been a nation that succeeded based of the intellectual property theft. They are not known for being innovators. The Chinese government is pushing blockchain technology because it allows them to better track and control their citizens because they know that whenever the economy goes bad in China, the government loses control. Russians have the world's best programmers and that's a known fact and that's why I have invested in the Russian projects NEAR and Universa.

Personally I don’t think that all countries are likely to forbid crypto. It happens in China because of their political structure . The government wants to control people, but crypto is unregulated so they can’t let it develop. They are trying to replace cryptocurrencies by creating digital yuan, but it is not the same as ordinary crypto as  they will still be regulated by the government. Authorities can't accept such a strong economic rival, so they restrict everything that is connected with crypto. But some countries, on the contrary, want crypto to develop, for example, Salvador that accepts it as a national currency.

What value of crypto are you talking about? But it is a more philosophical question,as on the one hand, we can consider everything to be valuable if people want to buy it. Like gold wouldn’t be valuable if people didn’t want to pay money for it. Everything is very  comparatively. So we should change our conscience and accept crypro as something really valuable as we pay money for it.

Yes, it's true what you said, China is preparing CBDC to be an option in the future, that's why they banned crypto mining, because if crypto mining continues, CBDC will be less and less wanted.

I don't think it will have much influence if other countries also follow in their footsteps, early emerging cryptos neither of them gave room to develop, but the period was passed well by crypto itself.

This means that crypto can grow and develop by itself,
Not so influential in my view, if other countries also follow China's lead, and that has been proven by crypto.

its possible to happen that some of the country will follow the steps of china in the future. But they all cannot take over most of trusted crypto currency in the market, what i mean they will remain as is in the future and those new digital currency that made from other countries itself will turn to be altcoins in the market in my opinion.. Indeed China is one of the main reason why market always struggle, so that's the disadvantage that most of the people who used to invest in such things will be scared to rely in it.. Indeed no one can control bitcoin and othet crypto currency in the market so that's the advantages and reason people will still used cryptocurrency rather than country digital currency.

No need to worry about China banning, they did it for several times and failed to make cryptocurrency especially bitcoin dying. honestly i am very glad when alot miners moved from CHina , we will see true decentralized market and China will not dominate again and could do FUD as they want.

it wil have greater future than before , no one could controll cryptocurrency even that super power country like CHina . since bitcoin launched  day by day we see adoption in several place , alot people attracted with technology.

Yes, it is. Whether China still banning and even prohibiting its people from mining bitcoin will not stop bitcoin from growing because many countries still support bitcoin. China will regret that and I think China has a secret plan for bitcoin. Maybe the China government wants to mine bitcoin for themselves and not allowing their people to benefit from bitcoin. It gives the other miners a chance to mine bitcoin and they will use that for their own benefit.

Thanks to cryptocurrency, many people around the world have become richer, some have become multibillionaires in less than a year. Of course, a monopolistic country like China does not really like this situation, but when huge technologies of the future are behind the cryptocurrency, for example, like the Near Protocol, then no one can stop this machine, because Near has an excellent fundamental technology, this will allow the Internet to reach a completely different level. And this is only one project out of a hundred. Therefore, no one will be able to stop the development of cryptocurrency, one way or another, this is future humanity

No single country is able to control Bitcoin, so China banned Bitcoin and also spread FUD about Bitcoin several times. It only makes Bitcoin price
drop temporarily, so I believe China will never be able to stop Bitcoin's growth. Therefore almost every year China always tries to drop Bitcoin,
but its efforts always fail, because the price of Bitcoin is still rising. Even now that Bitcoin price is starting to recover by rising above $40k, I believe
the future of crypto is bright, and China will not prevent that from happening. I don't know if China has any secret plans for Bitcoin, for sure we
shouldn't worry and panic about what China is doing to Bitcoin.

You just mentioned all your whats contained in your bags. Nice one buddy ;D :D :D
Old coins or rather old project are still the most performing assets with good future, in my opinion though.
DeFi where all shouts and noises except the ones who. Luckily get listed on Binance and are still patronised by its whales. Majority of them are down, the worst are still doge killers.

Because China is a communist country. Chinese government bans crypto in their country because they don't want cryptocurrencies to compete with Yuan, Moreover, cryptocurrency cannot be controlled by a state institution. Even though China banned crypto, but it will never stop the development of crypto in the future, because some countries on the European continent and the American continent have welcomed the presence of cryptocurrencies.

I still seriously consider that crypto will be alternative payment method in the world. I know we are long way further from it, I know that there is still a lot of things that need to be fixed before that happens, mainly the fees considering how high they are and they are a big reason why we do not have a daily stuff, but at the end of the day we are talking about something that should not even be a question, it is such an easy way to store your money away from the bandits that are banks and governments. Isn't it sad that instead of being afraid of criminals, we are more afraid of the wealthy and the powerful?

Those people like politicians and bankers and big corporation CEO's are more dangerous than all of worlds criminals combined, you can take out every single criminal in a jail and put them in congress and put every congress member in jail, and the world will not be "that" different compared to today.

Agreed, that's why this country is against crypto by banning it right now. So many times people have been saying that if we can't enter to the china and there are lots of countries will welcome to the crypto.
it seems like there are more and more countries will be using crypto for sure.
It's just the matter of time until crypto will become a very very big thing for sure.

China can not stop bitcoin. That is why they spread FUD about bitcoin because they have another plan for bitcoin. Maybe they want to see the bitcoin price is down deeper to buy many bitcoin with their money. But we hope every time China spreads FUD, it will not impact the bitcoin price, and even if that is impact, the impact will not be too big. I also believe the bitcoin price will rise in the future, even it will pass $60k and although we need to wait for more, we consider that it will be our time to accumulate more bitcoin. Yes, we should not worry about anything, including if China spreads another FUD.

It is possible that China considers Bitcoin as a threat to the digital Yuan, so China does various ways to make Bitcoin die. Like spreading FUD and
banned Bitcoin, but China forgets that whatever it does will not make Bitcoin die. No matter how many times China tries to bring down Bitcoin,
Bitcoin will always rise again. Maybe China thinks they're a big country, so China is quite confident in what it is doing. But no matter how Bitcoin
can't be stopped, Bitcoin will always grow, there is still a lot of demand for Bitcoin. It is proven that the price of Bitcoin is increasing every year,
meaning more and more people are investing in Bitcoin. So never doubt the future of Bitcoin.

Nowadays it looks more like banned news from China do not bother anyone again, I mean every now and then, one ban news or the other, one might even ask if at all they have any thing like good news. We have been hearing about their banning crypto and so on, but looks like miners are already fade up with their consistent disruption of their business hence moving to other regions mostly the North America, at least this will reduce their Influence on the market a whole lot, and as it reduces their Influence it takes them backwards.  The future of crypto is already mapped out and that is, it will only keep getting better, because it will be hard for any country to totally stop their citizens from using crypto even though they have their own national digital currency.
Therefore, ban news or whatever fud from China no longer move many as it used to, because the adoption is getting more interesting and intense.

Yes, maybe China does not like the bitcoin popularity bigger than their digital Yuan so they do not allow their people to use bitcoin and banned bitcoin. The more China denies and prohibits bitcoin, bitcoin will become stronger because many countries will support bitcoin in the future. China will not be able to defeat bitcoin or control bitcoin and hopefully, the China government will know about that sooner or later. But when China realizes that, that will be too late for them or their people to join in bitcoin because bitcoin will be in many countries.

China will not forever ban bitcoin activity and one day China will again support crypto because the crypto community in China will remain strong and the Btc market will continue to grow despite another FUD attack from China.

Although china is against the presence of crypto in their country, but there are still so many countries that welcome the presence of crypto, Cryptocurrencies don't need support from China to thrive, because cryptocurrency is a digital currency that is used as a virtual transaction tool in the internet network and has a decentralized nature, with the advantages of using blockchain technology, will make it easier for each user when making transaction.

It will not happen. I don't think that the other countries will follow China and ban mining in their country. It will give a loss to the country that will ban it. Maybe china allows mine Bitcoin in their country.

Of course it won't. We know enough examples of such prohibitions in history, this always leads to the fact that the demand for prohibited things increases.
China will really have to spend a lot of effort to gain at least some control over the movement of cryptocurrency funds of Chinese citizens.

I think it’s a common policy from this kind of Autocratic communist government, they're always denied freedom of all sides like this kind of also, cryptocurrency is totally decentralized so this type of government want to control over this type of freedom.

Problems like that will always arise at any time, be it today, the day after tomorrow and so on. Not only China or even Korea, but there are still many countries out there who don't like the cryptocurrency industry. so don't be surprised if governments in every country in the world oppose policies or other things related to the cryptocurrency industry.

No matter what China does, bitcoin will still find it's way through, no matter the ban we can still bet that there are still Chinese citizens who still hodl and trade bitcoin in order to make profits, and about other countries joining them, this can't be possible but if it happens bitcoin will still survive because there are tons of big investors who believes in bitcoin and would always want to buy up any dip there see. Most countries bans bitcoin but it's citizens still continue their activities with bitcoin.

The crypto and blockchain industry has expanded so much that one country's ban will not affect it.

If you think about it, China had almost no choice but to remove digital currency competitors to enable their own digital coin to become the norm.

Even if other countries will follow suit, they will do so at the expense of losing highly intelligent people who are an asset to their economy (just like China did as most crypto people had to move abroad), blockchain based businesses which are innovative with disruptive potential will also be at risk...

This type of decision is a heavy one to make because it heavily affects the economics of that country, and with crypto expanding more than ever the task will be challenging which is why the regulatory approach seems far more reasonable.

The regulation of countries to binance and cryptocurrency will legitimize its use to the people imo. There will be no stopping of cryptocurrency whether they like it or not, the people who prefer to have their own control of their money is the option for them. Whether CBDC will also exist in a country, there will still be option for the people to use crypto.

I admit that the crypto community in China is big and strong, unfortunately the Chinese government does not support crypto. Therefore,
sometimes Chinese citizens who use crypto have to carry out activities secretly or maybe move to other countries. Right now the Chinese
government is too arrogant, and doesn't want to accept crypto. Whereas sooner or later the Chinese government will realize the importance of
accepting crypto. But in the end the Chinese government will regret being late in accepting crypto, because other countries have accepted
crypto first. Even though I noticed that almost every year there is always FUD spread by China to make Bitcoin weaken and die. But in the end
the Chinese government plans always ended up failing, because Bitcoin was too strong to be destroyed.

I am sure that the decision of the Chinese authorities to ban the mining of bitcoins is aimed at increasing the risks of losing the crypto-yuan in demand for their coin, because no one will ever be able to control bitcoin, especially since in China there has always been a policy aimed at increasing its assets or the country's resources, for example, development cryptoyuan. Who knows, maybe in some time we will see a rival to bitcoin in the person of the crypto-yuan.

One needs not to worry about cryptocurrencies. It the next stage of evolution in the financial world. So no matter what any country or person think and does to damage crypto industry, it won't make a big impact. Crypto will keep growing,.

Yes that's right.
China is indeed at the forefront of bitcoin, but it feels strange because the Chinese Government still restricts trading and mining of crypto assets.

The future is crypto and no country will stop that from happening the government are trying to bring in a bill which would require anyone providing a service for cryptocurrencies would need to require KYC to use their service which would apply to nodes to. If this bill passes it will be one of the biggest obstacles Bitcoin and cryptocurrencies have faced and if we can over come that the future is crypto.

nothing will change IMO, coz alot of investors wants to be anonymous when it comes investing and etc, so they will still choose crypto currency than investing through currency from the country itself coz we don't know yet what will be the rules that will occurred in it. As the matter of fact crypto is still more convenient and profitable coz it's wolrd wide unlike those currency that soon will emerge in other countries which probably has a limitation and rules for each holders..

It could put Crypto in trouble if all other countries followed China. However, I see from a different point of view, that the Chinese state is actually very interested in the sophistication that exists in cryptocurrencies, but they also have to maintain CBDC.

Bad news always comes from this country from the past until now, surely every time something like this happens after the price reaches a new record. it's kind of a trick to lower the price.they used to ban bitcoin, now they ban mining I'm not weird with this kind of thing, actually crypto still exists today

I thought that would not happen, very many countries welcome the presence of Crypto in their country except china, such as Japan and United States, there are even countries that legalize crypto as a mean of payment. For this reason very many large investors both companies and individual who put their funds in crypto, For example, the Tesla company will make crypto a legal tender for Tesla electric car.

Crypto and the whole cryptomarket, which has no control over itself and cannot be controlled in any way by anything or anyone else.  So the market under their control does not go out of their control as crypto comes in any way.  So they are trying to control before they get out of control.

I believe in crypto. And I also believe I can't ignore crypto, Even if it banned on my County. Crypto is one of the best way to make payment more digitalized. And, at this time many big company start investing in crypto. It’s a strong plus point for cryptocurrency. And I believe future of cryptocurrency is bright.

The use of crypto currency round the whole world has become unstoppable, and that is making it invincible to the rules of borders made by countries. Crypto currency or Bitcoin which is the number one, being banned by the China government gave a little effect to the price, but that is not able to stop the use worldwide, though, it might reduce the genuie use and give a negative rise in the increase of fraud within the country. Other countries following this step will only affect in the price which might take time to get back to its current price state, but will definitely get back.
Before now, the use of bitcoin was mainly on the internet, and it grow with popularity and now it has physical stores and outlets which operate with crypto currency.
If the use of bitcoin is regulated by the government, though it will kill its unique feature which bitcoin was made of, but that will not be enough reason to end the use of crypto currency.

indeed many countries limit the use of btc because it cannot be fully controlled by the government. the solution is indeed to issue their own crypto currency, which they can fully control and supervise. as did Miami city which issued Miamicoin, a token that could allow its users to invest in the city in infrastructure and project funding. This is a good signal, if it proves to be effective, this trend will surely be followed by other cities and even countries. so a future with wider adoption could increase the chances of crypto success in the future.

What does CBDC mean? China are dictators and want everything to be controlled by their government and many companies in China are under the infulence of Chinese officials.

indeed, China is a very strick country when taxation is concern and the aims of cryptocurrency is eliminating the middle man on the transaction. This is why the reason they crackdown all mining rigs in their country to stop running.

Nobody can ever ban crypto completely digital money will one day replace fiat that's for sure but I really doubt that it will happen that soon I will take some time for that to happen For now I think the sector will just continue to grow and mature on the way

I also hope like you that it doesn't happen, because for me, crypto is very useful and of course for people who understand how crypto activities are in the process of financial transactions.
If China sticks to its principles, I think that's their right.

if that happens then the crypto market will be in danger, but I don't think that other countries will ban crypto. Because now it is the technical era so Crypto is a digital currency many people are using for making a good annual income.

more and more good news regarding crypto and bitcoin.
other countries I'm sure would consider taking advantage of bitcoin and its technology development rather than banning it.
those who ban it for fear of the ill effects of crypto and bitcoin. they don't see how potential bitcoin and other crypto assets have.

Only it works when there is support from the community. We have moved to digitalization and some countries are also creating their own digital currency but why do most of them just fail? It was because their people aren't convinced of their intention. They want freedom and free from corruption and market manipulation that is why they stay on Bitcoin.

It was good to what happens to Miamicoin but somehow I feel this will never last long.

Banning crypto mining is not the certain solution for putting crypto into big trouble. This may just affect the prices of cryptocurrencies, nothing more than that. And besides, I don't think that all of the governments would like to ban crypto mining. Because this activity has advantages for a country also.

It will never happen dude. Lots of countries are in competition to be welcome for crypto. You must also read some latest news about some countries are starting to propose the crypto as a legal tender.
it's not only salvador and more countries will be coming soon.
Crypto is a permanent tech and this will never die.Crypto will die once all of internet in the world got shutdown lol

but this year seems to be full of good situations. although there was FUD from China which made the market go down after the bull rally that time.
I am sure we will see many countries and big personalities making good news about bitcoin and crypto.
with more good news, there will definitely be a lot of new adoption in the market. this will be even better for the growth of the crypto market.

China fud will not  effective anymore since they cracked down miners in their country, it is actually be good news for crypto investors for long time. No one will care to their fud because they didnt controll miner again , its spreaded in several countries now.

they got benefits from miners actually , they crack down actually to shake bitcoin price so will get it in low price. every one know in every crash there are huge buying from institution that maybe one of them rellated with government.

There is no definite thinking about the future of cryptocurrency in my country at the moment because the government of my country is expressing little doubt about the legitimacy of cryptocurrency. National Bank and other agencies The High Court has issued a rule on the validity of cryptocurrency. Some organizations are legalizing cryptocurrency and others are opposing it. So nothing can be said about this future at the moment.

I don't care about cbdc or chinese pressure or any other country's pressure. I am currently excited about the development of artificial intelligence, blockchain and other software engineering, as well as digital artistry. May art live its golden year :)

We will undoubtedly witness further growth and adoption of cryptocurrencies in the future. Advanced encrypted techniques are used to create and handle cryptocurrencies making it more safe. Cryptocurrencies have vastly outperformed most traditional fiat currency. The future of crypto will be more successful and bright.

the future of crypto will become better because now you can see that all crypto market is recovering. BTC is going famous in the world so it is possible many people will join crypto for profit so I think Crypto will become better inshaAllah.

We don't need several countries to visit because anywhere you go, you can't get your privacy. Only cryptocurrency can provide you with that. Already Cryptocurrency is a success because the government doesn't monitor us. The government banned crypto miners because they want to stop money laundering. I think banning can be a good decision. The government can take tax even if it can stop real scammers, that is the cryptocurrency future.

Yeah, it seems that something of large effect happened and the market is back in green. The possibility of BTC reaching higher values is likely and the bullrun might resume, is just that nothing is certain but you can only risk something to gain something.

It is time for us to decide on which side we're on, the risk taking or the safe-being side. Though, for one I'm confident in the long-term potential of the crypto market...

Lol, do you even know what you are saying here? First of all, only few crypto currencies focus on privacy. None of them are the top. Rest of them don't provide you with high privacy. Any transaction you make can be traced back to you if you make a slight mistake. Its more traceable if you use centralized exchanges. And the government can still "monitor" you if you use crypto currencies (those regulations and regulator framework are doing their magic ;) ).
Lol what? Few countries banned mining because it was consuming too much power. It has nothing to do with money laundering.

it's an old problem, that's what makes bitcoin full of pros and cons. although there are several countries that prohibit the use of crypto, there are still many countries that allow it, some even have discourses on creating their own crypto currency. see, although many prohibit transactions or payments with crypto, investment and trading are still allowed, this shows that crypto is indeed very potential, on the other hand there is a side that is less profitable for the government. so this is not a problem, usually legality issues come up every year, creating waves in the market, but no need to worry.

Well, I think the way it is going to happen is rather top down, with Bitcoin being top and governments being down. If there is something you can't stop, pretend to embrace it and regulate it / pass laws that you think will appropriately be considered by most of the users. It won't be possible to fully stop Bitcoin. That is a bit similar to gambling websites online. In some countries the governments understood that there is almost no way to fully stop them. So how to benefit as a government regardless? Raise a little bit of taxes, such that gambling websites feel the urge to pay their taxes to play it safe because playing safe isn't that expensive. Bitcoin is similar to that kind of situation. If they prohibit it, they are probably going to raise public cost by a lot only because they have to pursue all these "criminals" who deal with crypto. Drugs is another example, but you get the idea.

Although some countries are trying to band out cryptocurrency, it will have some effect on the cryptocurrency market, but I hope that cryptocurrency will gradually get out of this bad situation, because the way people show interest in crypto, people will invest more money.Crypto can't fully band.

It doesn't matter. What makes it difficult for them is actually they are taking power from us, the government is taking the freedom of their people to live with crypto. In fact, they wanted their people to get out from crypto space and a continued battle against the decentralized market.

I'm not going to assess their capabilities as they were powerful enough to do it but it doesn't mean that everything they have done is good and helping the community because the truth is that it only spreads hatred. But on the other side, they are not the reason why Bitcoin will stop. Cryptocurrency will continue to spread globally without their participation and supports.

each country has its own strategy in running cryptocurrencies and is not centered on China. so whatever is done by the Chinese state will not have a very big influence on other big countries. and the news of the ban was there a few years ago. but cryptocurrencies are still growing today and the future of crypto is not in China.

Exactly. Crypto has been doing good performance even without China supporting it. But we should admit that banning of bitcoin in China has created a negative impact into the crypto market but as expected, it has overcome the situation and find its way to recover and even reaching new all time highs.

Now, if other countries will follow China, i don't think crypto will get affected anymore. Crypto can be ban, yes it is, but there's no way they can shut down crypto and put it into its end. Crypto might be even more motivated and rise up more than we expect it.

The crypto market is such good market for this era but it's not really for everyone that thinks that it's going to make them rich overnight. The idea is like that for those newbies and that's why they losing more money than what they earn. It is better if they seem to understand first what cryptocurrencies are and how it fluctuates. The reason for that is to make them aware that the crypto market isn't going anywhere but is here to stay so if they make themselves confident with such fluctuations, they are going to last.

Crypto will continue to exist in the future because it is the current technology today that cannot be simply replaced or obsolete.  Honestly, I don't know in that CBDC how that works, yes we know that China is a big country and powerful but we have monitored the impact of their ban or cessation of mining, yes in the beginning  the effect but eventually still recovering because if you add up all the users in the world is more than just one country.

a lot of bad news about crypto has happened a long time ago, but we know that crypto has its own market that makes it loved and wants to be owned, even though China prohibits bitcoin mining I think it will only have a temporary impact, we'll see in the next few months and bitcoin goes without a hitch until bad news appears again to drop it again and again

China always has its own tricks to beat other countries' cryptocurrency technology, one of which is banning cryptocurrency mining for their CBDC, but their country has prepared some tips or tricks to fight foreign countries for the success of their own country to stop mining in their country.

Indeed, this is the Chinese pattern in pursuing something they want, anything will be done if it doesn't benefit them, but to what extent this can affect crypto itself.

They banned crypto mining just because of CBDC, now all they are thinking about is how to increase people's interest to use the CDBC, to destroy today's crypto.
I don't think this has anything to do with crypto conditions.

CBDC is just one reason, actually there are other reasons why crypto mining is banned in china, one of the reasons is so china can control their economy even though adopting crypto, you may know that many applications are banned in china, so actually crypto ban is not a strange thing.
If other countries follow China's lead I'm sure there will be other countries too who open up about crypto technology, it's very unlikely if you look at the current conditions crypto is not accepted when widespread adoption is going on.

China bans btc mining because they cannot control bitcoin. and the future of crypto is much better, crypto will not be affected even if china bans it. and during this pandemic the use of cryptocurrencies increased even further and most people just realized the many benefits of bitcoin and other digital currencies. As demand increases, crypto is gaining new trust.

Here is your idea, of course, correct and understandable, everything is possible, if China strengthens the position of its cryptocurrency with solutions such as the prohibition of mining, then everything is possible that other countries will follow the same example and the cryptocurrency will be banned all over the world.

If you come think about it, the only reason China banned Bitcoin in their country is because of the fact that Bitcoin will be a strong contender of their Digital Yuan project. Despite these setbacks, Bitcoin and cryptocurrency in general will remain strong. Slowly, corporations and the general public are slowly showing interest in cryptocurrency. China is but one country, and that will not give a very big impact in crypto as other countries has already shown support of cryptocurrency.

After China banned crypto mining indeed at this time the price of bitcoin and altcoins fell by 50%, because China is one of the countries that fully support the crypto world in the previous year, if other countries follow China then a big problem will occur in the crypto world, but that will not happen because many countries that already rely on the crypto world even some have legalized in making transactions, and for the future the crypto world will surely rule the world.

Their are huge politics in this statement.My opinion was,it's also a business strategy of the china.After huge surplus of production of mining setup,they are going to export now.If they say,china had banned the mining,many people from the developing countries will started to inverse their money.From this china will boost up him economy.

China can absolutely play the game very well because they are one of the biggest contributor in Bitcoin mining. I believe they are not always advance in all aspect as iwe know US is one of the powerful country with regards to weapon and technology. Maybe in economics China is the leader.

Each country has its own advantages in these two respects, such as the US which is more advanced in terms of technology but the US is very short on human resources they can rely on, well if China has a lot of human resources but is very lacking in technology, so China is more play an economic role in order to be able to advance their country, and that is also very important in my opinion.

We cannot be certain yet over China's decision of banning bitcoin mining within their territory but one thing is for sure, they are trying to get ahead of the game over other countries. If China's plan and outcome finally shows up, it might encourage other countries to do the same thing and it might make a huge impact to crypto for a while but for sure it wouldn't last long since crypto investors all over the world is growing each day. China is a powerful country and we can clearly see how efficient their strategies are nevertheless, let us hope the have good plans over crypto someday too wherein both the country and crypto will develop mutualism and benefit from each other.

I was bothered at first when the banning news came out but today I'm not anymore, if you look at BTC mining difficulty at that time it was going way down because of the banning news and many chinese got arrested too but after few weeks the miners (GPU and ASICS) flooded the market and got in the hands of other miners from another countries and the mining difficulty grows back up again, at this point it shows that BTC is unstoppable

I really don't think that China is that influential in a sense that it will be able to destroy cryptocurrency as a whole. This whole crypto ecosystem has been surviving for the past 11 years now and has since was able to stand the test of time with many countries banning it, regulating it, even bad mouthing it to influence the general public not to do anything with the said technology. And I think for the past 11 years they have failed to destroy crypto, which for me is a good thing.

The possibility will indeed be like that, because they are also not stupid people who have to forbid something to get nothing, because the truth is that in the government of that country are people who are very smart in taking advantage of every condition in the country.

Chinese government issued several policies regarding the banning of Bitcoin. One of them is banning Bitcoin mining. This has both positive and negative impacts.
The positive is that miners in other countries don't have to worry about China's policies that prohibit Bitcoin mining. Since Chinese mining no longer exists, the network is quiet and faster, but the downside is that people's trust in Bitcoin and other crypto assets is decreasing. Because a lot of negative news comes from the case of China which prohibits Bitcoin mining.

very big influence. not on the overall development of the market but to crypto adoption.
we know how strong the two countries are. we've already seen how it impacts the dump ever.
the market is strengthening because of the big support coming. when too much bad news, of course, can be bad for the crypto market.

Actually, Chain wants to launch CBDC against Bitcoin so that they are banning mining and cryptocurrencies but I think there will no effect on Bitcoin, as you know most of the countries adopting cryptocurrencies so I hope the future of cryptocurrency will be good.

Cryptographic money is an advanced cash given by blockchain programming and directed by a decentralized arrangement of frameworks, programming, and rules.

Blockchain is truly a decentralized bookkeeping record that records a large number of exchanges. Makes it intriguing that it's decentralized — by and large, there's no focal position running it. Blockchain additionally utilizes truly mind boggling and muddled cryptography and algorithmic systems to have the option to check every last one of these exchanges. In the event that you have confidence in the innovation, you needn't bother with a bank to be a go-between to realize that the exchange is occurring.

In any case, China always insists on what they make, China bans any Crypto miners that don't benefit them, this reason is actually just to protect the CBDC itself from Crypto influence.
If we attribute this incident to Crypto, it will almost certainly have no effect, wasn't crypto created with a lot of resistance, but under any circumstances crypto continues to grow and develop to this day.

I would say a statement of fact that sooner or later China will soon lose its relevance in the crypto space, i.e., unlike before they can release any type of news they want which will affect the market but sooner no one will care anymore, so they don't more advanced than any country but underdeveloped when it comes to crypto.

What we should know is that China is not banning crypto, it's just that China is banning crypto miners. Because it consumes a lot of electrical energy in the country. Banning crypto mining by banning crypto is much different. So there is no problem about the existence of crypto in China. Even CZ, the owner of Binance, is also Chinese.

You can be right. If the government doesn't think it will harm society, it is unlikely to ban crypto instantly. In most cases, crypto will be banned because of a big reason, for example: money laundering or scamming people's money. If there are no bad issues, the government can allow it as long as it doesn't break the laws or regulations in the country.

That is why even cryptocurrency isn't legal in many countries it was not banned and their people are free to use it no matter what they want. China who has been the enemy of crypto will think this thing will create some troubles for their economy. It was their presumption, maybe they have some basis, we don't know but that's their thinking, we can force them. But I don't have worries about their actions, many countries have been in support of crypto, therefore, I could think this will be enough to boost the adoption somewhat it happens in the coming years.

The popularity of Bitcoin is increasing day by day among the people but the governments of some countries are questioning the legitimacy of Bitcoin in Parliament.Some countries have already banned bitcoin mining altogether. However, my idea is that the popularity of Bitcoin cannot be suppressed.

Crypto have a bright future no one can't refuse this truth because now crypto used for many transection so this is clear crypto have a bright future you can also chk some previous crypto history crypto always successful and in future beocome more successful

Nowdays crypto becomes most important in overall world many country used crypto for payment so these thing increase crypto value some country prohibit crypto but I hope crypto are using in overall world soon because crypto have a bright future 

Maybe you are seeing this 100 years from now but to know where we are today, we are still far from it. We are not yet in full market adoption, the majority are still don't know about crypto and its important role in the market.  It could be sad but that is the reality. Of course, we have to understand the situation, adoptions will take a while. If we could gain more support coming from the big companies and much possible from the Government, there is no doubt seeing a brighter future for crypto.

Obviously, one China can't stop the development of crypto. Their ban will have some impact on the development of bitcoin but it is temporary. Bitcoin will still grow without China.
When Bitcoin is accepted and widely used, Surely they will have to change the decision if they don't want to be backward compared to the rest of the world.

CBDC is indeed being developed, even China was the first to release CBDC, maybe other countries will follow later, CBDC and Crypto especially Bitcoin are clearly two very different things as we know that CBDC is digital money issued by local banks with a full centralized system while Bitcoin is fully decentralized, of course with the CBDC it will not affect the Crypto world. It's possible that Bitcoin could get into their bank system.

China just shuts down problematic Bitcoin mining. The main problem is that it consumes more electricity for mining companies. And China is also part of the largest Bitcoin mining country. One of the Bitcoin mining places is located in the Sichuan area. Perhaps the company located in the Sichuan area is already using hydroelectric power to maintain state-owned electricity pressure. They can also use solar electricity. I think many solutions have come up to make Bitcoin mining possible. Bitcoin miners in china will keep going, and it can't be stopped. It's just that the government needs to control the income from Bitcoin. at least china bitcoin mining companies have to pay tax.