Bitcoin Forum

The Chinese authorities will block all platform for cryptocurrency trading.

Previously, China has closed all major cryptocurrency exchanges under the jurisdiction of the country, however, according to the authorities, this is not enough, and they plan to block access to local and offshore platforms that allow for centralized manufacturing. It is reported Bloomberg citing sources familiar with the situation.

Last year the authorities decided to close the cryptocurrency exchanges under the jurisdiction of the country. However, she was recently seen increased activity on alternative venues. The sources Bloomberg did not specify how the authorities will define such platform.

could this explain the past hour's mayhem?

They're coming hard for peer-to-peer platforms, such as LocalBitcoins. It is sad to be honest to look at these attempts.

any source? or is it old news? south korean banned exchange and shutdown bitcoin. is the cause of down trend today.
the market is recovering slowly now.

[citation needed].

Either way, I don't think they'd ban cryptocurrency exchanges, for long anyway. If they do, people will probably come up with an alternative.

Let's hope that this solution is temporary and near future projects and ICO in China will still be allowed, albeit with taxes, because China is a superpower that has been developing the bitcoin quite confidently, so it's probably worth just waiting a little

More often than not, it is just a rumor that has not seen any government news, it is all rumours.So can buy altcoin now i think.

This news was discussed in the Chinese local board. None of the Chinese traders are concerned.

Most of their views on this potential ban is that even if the news is true, the government can ban crypto trading, but they can't stop it. LOL

I'm just having a hard time wrapping my head around how the government is going to ban an individual's trading activity on the internet.

It wont last in my opinion, if anything it may cause a bit of a bump for BTC but there are many currencies which will not be affected. The market is already staring to recover for some currencies

It might not ban certain individuals access to crypto, but it'll definitely prevent the masses from adopting it.  Remember China has a massive firewall around much of the internet 'protecting' its citizens from harmful content.  We might be witnessing the beginning of the war between governments and decentralized currencies.

Now China has become irrelevant, because the entire cryptocurrency market is out of China, and its main market share is now in Japan and South Korea.

Do you have any official reports to prove what you said ? or you are spamming .

Many sources write about China, about the collapse of the cryptovolume and other information that generates panic. It becomes like intentional dumping.

Unfortunately, China occupies a huge place in the trade in crypto-currencies. And China and South Korea and other countries want to put an end to free trade in crypto-currencies. On these news, there was a total collapse of the crypto currency.

If you ask me this is just FUD from west.

No matter if the bad news are real or not, no matter if they are just spreading the bad news or try to ban and control money (in every form),
cryptocurrencies will stay here.

it is not first time when china want to ban crypto. Don't panic)

its just a FUD to make the market collapse. now the big whales are buying the dip. market recover slowly now. should wait for a few days for correction

this is all planned stuff and also fud. Watch the latest interview with binance ceo Zhao Changpeng for bloomberg and you will realise that they were ready for this stuff and are located on all chinese tax heaven locations as Macao and other island states around. Nothing will change because everybody loves money, and earning by taxing something is how politics gets richer everyday.

It is a FUD which tries to support China thing and South Korea thing but it is not. Don't panic and just HODL or buy some

I don't know the accuracy of your message, I don't know your sources, if this is true, then falling currency could explain the today, I am very sad, this is not a good news for the currency

We've got too many "professional traders" from the stock/forex markets recently. These guys are still thinking in stock/forex terminologies and they believe that a state ban is something like the end of the world. SK banning BTC trade? Actually who cares? There are plenty of other exchanges. All states across the world banning all crypto trade? Who cares? We can switch to one of the existing distributed marketplaces and all the governments across the world can roll their bans into nice tight and hard paper rolls and go to fck each other or themselves with it. This is the nice part of crypto, governments have no way to control your money.

If they ban all the centralized platforms , won't be a problem, decentralized ones will do the job. Cryptos cannot be panned easily

Is this the reason why all the COINS and bitcoins have fallen in the past few hours? Why didn't I know the news in advance so that I could reduce some of the losses?

I've read reports that China caused the recent #cryptocurrency market correction.

For those who have not had the chance to gain access to WI-FI since September 2017, China banned cryptocurrency trading 4 months ago. It has close to 0 volume. What impact does China have now?

From what i believe people are still using crypto currencies even though there is a clampdown.
Crypto cannot be stopped, people will always find a way to avoid rules and regulations.
It looks today like the news coming out of s.korea and this china news is clearing out the people
Who have no faith in the resilience of crypto.

South Korean banned in trading it is last week news. This is also affect the cryptocurrency value. But know China also banned in the trading. In China is the huge competitors are available in the country. So many of the users are affected in the trading. This is the current trending news in all over the world. It will be recovering in more than two months. So majority of the investors are selling the Bitcoin.

Source?

This is not the first time China is banning cryptocurrency within her jurisdiction and believe this will not be the last. China use to be a big influence on the direction of bitcoin price but now, China has lost her relevance. The bleeding price is as a result of new people in crypto!

A senior official at the People's Bank of China is reportedly calling for a wider ban on services related to cryptocurrency trading in the country. Pan Gongsheng, vice governor of the central bank, said, to prevent market risk, the government would apply more strict regulation to end all cryptocurrency trading-related activities and services. The news comes via a Reuters report today, citing an internal memo reviewed by the news agency. While it's not yet clear whether the reported memo will become immediate policy, the news indicates the continuing severe stance taken by China's top regulators towards curbing cryptocurrency speculation and lowering perceived financial risk in the country.

I dont think this is actually confirmed, and how many times have we seen this? Way to many to count, we will be good.

I also read this news, and I believe is just a rumour. If this is true, then government wants to control their people and their economy. This is happening because people now prefer an investment in which they can monitor and can give them instant profit. Banks are losing in the track and money wont come in.

it does start to happen including in my country. for the reason that the crypto currency can not be a legitimate payment instrument in my country, because using possession or trading has violated the applicable regulations. I can only hope it will all change as before

far from the fact that the ban will still be, rather it is another manipulation of the market to knock out mentally unstable players

I incline to the same opinion. It is impossible to forbid what was initially created as an uncontrollable alternative to banks to paper money.

   I agree, Matico you are absolutely right about Chinese. Bleeding price is not
cause of new people in crypto, we would have different results in case of that.
   Money is going away from crypto-currencies. From $750B to $580, make your
conclusions, this is why prices are going down.
   I do not worry, market grown so much already. We need a bit cooling, we can
buy more for same money now. After cooling, and regaining the strength we will
see prices continuing to rise.

WEEEEE!!!!!! Another FUD thread.

China hasn't banned shit except for centralized exchanges.

ICOs are technically still legal there if they register with their securities commission etc.

There are still buttloads of vendors on Taobao who accept BTC.

There are tons of Wechat/QQ groups where P2P trading goes on in fairly massive volumes.

China has fiat xferz with little to no chance of chargebacks making P2P exchanges a lot more secure.

What has caused a large percentage of the blip is Coinbase's bank no longer wanting to handle foreign customers' wire transfers.

Mm, yeah, this isn't the first time this has happened.

And everytime people lose their shit. Not really surprised at this point.

Not much of a surprise, China once again doing all they can to mess with crypto because they fear.  Too bad it's now on the world stage and we won't let China manipulate it anymore.

I think in the near future we will see news about the lifting of the ban . It's all market manipulation , do not panic , usually in January in this market it happens . I stick to strategy and don't panic

if this true, we are facing a big effect on crypto world and has a massive impact again to decrease the price of bitcoin, and not just bitcoin but all crypto currency either. lets hope that theyll change their mind and get allowed those people of them who already involve in crypto.
or maybe this is a another FUD news to make a massive panic in crypto world again.

fake news again piled up the market, this way of controlling the market works without failure.
I think this is not the last bad news)

Feels like the same shit just a different day. How many times haven't we heard ban this ban that.

And here we go. All cryptocurrency red now because of the news. The China government makes a big mistake. They can not delay our future financial instrument.

you ban things you can't control, if thing can't be controlled by china it looks like a good investment to me

where you found this news? can you please show us?  actually I can't believe china block cryptocurrency. So you should clear with us.

Whether it is FUD or plain truth just bear in mind that won't last any longer.Many people worldwide are buying into the dip and with time we will be back in business.Asian markets are huge but not bigger than the rest of the world.

China likes playing some games, spreading FUD and canceling all their announcements when prices drop. Expect it from China because they are all good market manipulator. Just join the ride when prices dump, will sure recover again in short span of time.

I agree with you! But china have big exchange and member! So this is a bad information with me!

Last week, I told you that I expect the market to grow if news from China does not interfere. The Chinese government, after reading my post at the general meeting, still made a decision to prevent it.

And so, here are a few reasons why newcomers panic all their assets, and give experienced traders an opportunity to make money on this (insider information is not yet, all the below is found on the Internet):

1) The Chinese government intends to fully control the trade in crypto-currencies. The ban will affect online platforms and mobile applications;

2) The Chinese government plans to block access to local and offshore platforms that allow for centralized trade;

3) The Chinese government plans to take action against individuals and companies that provide market-making, settlement and clearing services for centralized trade;

4) The government of China last week announced that it intends to put an end to the mining of bitcoins in the country due to high energy consumption, as well as financial risks.

These are just the reasons for the big players to create good market fluctuations, intimidate newcomers and make money on it. This situation is an excellent opportunity to enter the market for those who have Fiat or transfer their funds from Bitcoin to the Altkoins, since they sagged a lot more, so the recovery will be more interesting than Bitcoin.

UPD. There was a 5th variant: Also, the reason for everything could be the approaching New Year in China. The Chinese merge the crypt to buy gifts and tours abroad, because during this period, they have the longest holidays (7 days). And we must remember that China is one of the largest and most active players in the market.

After going true the various interpretations about the possible causes of the recent dive nosing of the cryptocurrency financial vehicles, I think I will go with your own opinion. It gives me much confidence and it goes to prove that you are a real and an experience hero. Thanks for your efforts

About ban crypto in China on trade exchanges ...i think its scam,dont belive..... I belive they ban more peoples who buys,sales crypto illegali,btw if they ban all crypto than folks with big cash migrate to another country and do what they do in China simple :D

It seems to me just a try - well done, actually - to manipulate the market: China says that blocks crypto currency -> cryptocurrency lose value -> chinese investors buy crypto at low price -> China say that changed his mind -> chinese investors makes huge profit

Last time China spread the FUD and btc went from 5000 to 2800 , this time China and South Korea spread FUD the price as of this moment is 10120$ on Binance. It seems that it has become a custom for China to spread FUD.

Am starting to think the world is fine with cryptos but the issue here is how easy it is to use crypto services under a pseudonymous name which is what has sparked the regulation battles.

---

While china and other countries are trying to drag cryptos to their death, Japan’s Largest Bank is set to Launch a Cryptocurrency Exchange, source https://news.bitcoin.com/japans-largest-bank-to-launch-cryptocurrency-exchange/.

How many times will the Chinese crash the market? I mean same song every new season. Is there any trading happening within China left? Why should they matter? I don't get it.

unless shutting down the internet, no one can shut down crypto trading.

chinese or whatever can use vpn to acces to foreign website exchanges.

It's no secret that China has very low salaries. It seems that the government is struggling against their people, who will be a little richer and stop working for three cents. So they impose sanctions.

definately it is not a good news for the people who are holding crypto in china and it would not be easy to ban the peer to peer transactions..

A lot of you think it's FUD, but the rumors that China would ban ICOs a few months ago turned out to be true and even worse, they banned exchanges from doing any cryptocurrency trading at all. I wouldn't be so assured it's only rumors this time either.

This just cheap manipulation to make prices fall and to do some crypto shopping.
I can bet that in just some weeks the market will jump up again.

Jist like an announcement they made last yeae, and it's really effective since it makes the cryptos falls again, it's buy time now, China were always against crypto yet stoll many Chinese fomd on javing crypto they might find other ways soon.

So this is the news why the market crashes again,people had sold their btc in panic thats why the whole market shaked like what we had last year.

I adhere to this comment. They can prohibit torrent sites but not a pendrive .. people will continue to share their content by other means as well as their bitcoins

Can I understand that now there is no bitcoin trading platform in China? However, all I know about the news is that there are now some cryptocurrency wallet providers who are not going to support their products in China, e.g. BiXin. I think this is the another cause of down trend.

THis news is just another game from China goverment or some whales investors, crypto without China still good last few months. China please leave crypto because we dont need you!

China has the power to manipulate the market because there is strict control on population net surfing.
But it seems to me just a government histerical reaction to something they can't still understand.

Do you think this is possible? I highly doubt it. Crypto exchanges are on different domains. Many domains are outside the jurisdiction of China. When the authorities block one domain, a week will have another. This game can last a very long time. If the Chinese want to trade cryptocurrency, they will find a way to do it.

I think that for China, mining and crypto-currencies are a gold mine. Great income. Therefore I think that the rules will become more serious,
  but there will not be a ban

Maybe this is the reason why all the COINS have plummeted in the past day, but the Chinese government has no official announcement of this content, and it is not known whether it is true or false.

China is not favorite number 1 in cryptoworld,1 year ago maybe yes but now Japan and Korea is most important

There is still no official statement on China of whether they will ban trading but sure thing is they already ban bitcoin mining as it consume too much electricity.

citiation needed for this news. We need to see clearly whats going on China Goverment side.
They previously banned ICO but they told that bitcoin trading ban is not possible.

This was the main reason of the big dips today,by further researching earlier i found that korea and china wont ban crypto totally but will have some regulations instead,so dont be so alarmed by these news,dont do panic selling or you will lose a lot of money,hold when you get stucked in a coin its better to wait than to lose a trade,bulls are coming after this.

these guys must be crazy!
a virtual currency was created. Within a few years the whole world got to know it. some countries do not want to see it! states are making decisions that will harm them instead of benefiting from this crypto world....

This is not yet confirmed information, but only rumors through which the coin market falls, so it makes no sense to panic, everything is settled.

I think this move was already imposed in China lately and as what i have known, there are still Chinese people who are doing the crypto thing despite the ban of trade and ICO in China.

China all the time spreads rumors just to manipulate the market.
Of course they can stop part of transactions, due to strict control they have on population, but this won't be a global problem.
Crypto can't be stopped.

China intends to further regulate the cryptocurrency, and South Korea is preparing to regulate the cryptocurrency, which is a serious blow to the cryptocurrency market.

This is normal FUD. I think in the near future we will see news about the lifting of the ban . It's all market manipulation , do not panic , usually in January in this market it happens...

Believe Hongkong

Just a FUD strategy.
I think they will buy a lot in the next days.

I think this may partly explian the decending of the prices. It will be a hard time for us to survive and we must wait patiently.

Its not easy for the user of crypto in Chinese. I hope the chinese government change their mind. Than should banned access of cryptocurrency better they legal it and take taxes from it. Since china have the biggest population in this world it's hard to make money there. Crypto is the way that the people there to receive more income. I think there is no negative side from cypto until the government of China should shut it.

The source of the news does not know whether it is reliable. It was understood that this kind of news had already been made last year. I don't know why this kind of news comes out.

China news and news stuff hmmm.
Here is the link of a guy that made a list of a China news
https://bitcointalk.org/index.php?topic=2768102.msg28285466#msg28285466

Next year will be bad news again, so don't bother to buy Bitcoin. Go and do your daily job that is better

I think it's just an issue, but even if it's true. it will not hinder the bitcoin trip going forward.

I have the same idea, first Korea, then China, everyone wants to buy at cheaper prices. China in general how much I realized I loved this trick, and I think we will hear negative news from Asia more than once, once the bitcoin price has climbed high enough. Only I do not understand what is worth to the Chinese traders after the ban on trading in crypto currency, go to Japanese or Korean exchanges and quietly trade there?

Chine tries to manipulate the market as usual, spreading rumors just to create panic and to buy cheap.
I'm pretty sure that in some weeks we'll come back to normal.

Although unwilling to admit it, the Chinese market always has a high proportion of the encrypted money market, so the Chinese government policy determines the direction of the whole cryptocurrency market.

I think chinese market always as a high promotion of the money market and the direction of the whole cryptocurrency market.

Of course, these guys can really do it. but I do not think that people can interfere with creating new projects, I think you just need to learn how to be in the developer's share, then everything will be fine.

China is a huge market with great opportunities. The government does not want capital flight from the country. will bring the legislative base and will be their projects, most likely.

i expected something like this could happen in china. the party tries to take control of all the aspects of people's lives.it was too predictable as for me

It is nonsense, how can China control anything aboard?

Hello all! I think it's very predictable situation! Can you understand even two people who are together many years they have conflicts and wars inside theirs family! What we can expect in money world when every person want get a profit!? Its puppet market with unhealthy competition. Never it will be stable.

I believe , that the market no longer can not globally shake even with a ban, large investors will find an opportunity to trade, from cryptocurrency already very difficult to refuse, prohibitions will not help

Maybe I also think like that, they just want to make a plan that want to lower the price of BTC, so they can buy it cheaply, if everyone knows this trade ban, maybe everyone will understand what is behind all this and will not change. . . . market becomes as bloody as you mean it.

If China and Korea prohibit crypto-currency trade on their territories, they will only lose from this decision and allow other countries to develop faster in this area.

This is a very serious issue for the government of any state. Large financial flows pass their nose. They want to subordinate this process to the law. In my humble opinion, in China this will not happen quickly. Perhaps before the end of the year. But Chinese traders are very adventurous. Big money will return to the market. I think that after the Chinese holidays the situation will change.

I'm thinking this will only lead more and more people to truly anonymous cryptocurrency, people will always find their way.. So I'm not worried, I just benefit from taking this drop in prices and buy some more DeepOnions. Something is telling me that there will be a run on those in the near future so I'm stocking up. DeepOnions ftw.

Why does the chinese government absolutely have to impose a ban? What benefits does China have for others to suffer? I don't quite understand.

this is bad news for their people because their government has banned the exchange of cryptocurrencies, hopefully they find a way out to overcome the problems they face now in their country.

No China didnt totally ban cryptocurrency trading but will regulate or will give some taxes on it,korea as well will only regulate the cryptocurrencies and they started to take some executive orders,we will see  what will be the overcome of these regulations to each countries positively it will open some opportunity for us in the future.

I'm 100 percent sure that all these news specially advertise to lower the price and put out weak hands from the market

China is currently the world's largest crypto center and is home to the world's largest exchange platform, Binance. So the news from China will greatly affect the exchange rate of the cryptocurrencies market. But the ban on cryptos in China is untrue because the market in China is very potential, and closing down will have a big impact on the economy.

hopefully they soon realize this, that because the decisions they make will make other countries much more developed in comparison to their country.

This is really not good news to our community,people yesterday started to dump bitcoin,ive researched futher but seems china and korea wont ban it totally but will regulate instead.

I think that all this is fake or semi-fake news, I think that China thus manipulates the market itself

Is any confirmation of this or the topic is only FUD?

I don't believe to ban the whole trade. This will mean to isolate themselves from one very actual technology.

they don't try to eliminate cryptos they just want to control.

the big picture is that all government of the world will unite against bitcoin, and make it useless or highly taxed.

on the other hand, government controled cryptos will robably be used such as Ripple.

and maybe anonymous cryptos will be used in black markets

China is among the biggest bitcoin mining hubs in the world, but Chinese authorities cracked down on virtual currencies in 2017, outlawing initial coin offerings, shutting down local exchanges and limiting mining activity. The main threat is seen as the potential for a bubble in the sector, and its disconnectedness with the real economy.
“Pseudo-financial innovations that have no relationship with the real economy should not be supported,” Pan said.
“The financial work conference clearly called for limiting ‘innovations’ that deviate from the need of the real economy and escape regulation,” Pan said, according to Reuters.

Chinese government is stupid as usual, they don't care about bitcoin, they care only their corruptions.

Well, China is just trying - with success, actually - to manipulate the market by rumors: now with low price, their big investor can make cheap cryptoshopping and big profits.

Chinese government has a strict control over population, and sure can create a lot of problems.
But cryptocurrency is the future and you can't stop it.

Yes, China is closing all avenues for trading of Crypto Currency. They are going on a nationalised way to sustain their own money in the nation. This news is the major cause of downtrend in almost all Cryptos such as Bitcoin, Ether, Deeponion and other alts.

No need to worried about that, China is not only trading cryptocurrency.
If they are ban on trade is not a problem.

I think they do it because they want to be good for their country. What do you think is going to happen in a country where price fluctuations are so high in your country? It is the people who will invest all the capital they have and when they are not lucky they will lose everything. It's not just one person that can happen to thousands or maybe millions of people. The bad thing is that the economy of that country will be severely depressed and of course their real money will be depreciated. That's my own opinion, can you tell me your opinion?

this news is not good for the development of crypto and will affect the market. but I think the price will recover in a row ..

The Chinese authorities will continue to tighten control over the trade in cryptocurrencies.
Beijing intends to end the mining of bitcoins in the country due to excessive electricity consumption and financial risks.
80% of the world's mining capacities are located In China,their closure will significantly affect the market of cryptocurrency, in particular bitcoin.

Will Binance, Kucoin and okex be blocked? They are an exchange with the majority of customers are Chinese citizens but for the server I do not know where they are in China or not.

Lol. They've done it last year and the effect on the entire crypto market was temporary. We even broke a lot of all time highs sans the chinese. Whether they crakdown on their exchanges, it won't matter in the long run. I feel bad though for the local chinese traders

Well, why not a problem? This greatly affects the course of bitcoin, and all crypto currency. They create a negative background (I do not know if they do it, or not specially), because I think this is a problem. In addition, as far as I know the exchange binance, is under the jurisdiction of China, and if you see the volume of trade with each day it only increases (6 million users), + Korea ahead in bitcoin volumes. So this is still a problem.

The Chinese every year that prohibit or impose sanctions, and that? Some time passes and bitcoin not only regains its position but is rapidly gaining growth. I do not see any problems.

No, Binance is still running and there are big volume trade.
China is a banned on trade, but many of people is not care about that.

I think this is very big problem again to cryptocurrency world after the south korea issue.
But i think bitcoin and other crypto currency will survive again like last year they ban the exchanger. No worries we are still strong without them and still can survive

if we look more broadly then everyone wants to manage big money and at the same time not lose power over people, the crypto currency will be more popular and more popular it is inevitable! :)

Chinese are having shit on their mind I think since they banned the most trusted and useful platform to grab the world economy. Instead of discussing about their ban on bitcoin. Here this forum and all the site relevant to china should be ban by the bitcoin investors. Then only they will understand the potential of bitcoin. Actually those stupids make the bitcoin dump and gather most of the bitcoins for the cheap price. That is the actual plan of them. I am sure after some months or year of time we will find the legal use in all the place wherever bitcoin not used or banned.

very unfortunate that became the decision of china country. but I think that is the absolute decision of a country. but however, whatever China will do, it will not have a major impact on the development of crypto today. the more china attacks bitcoin, the larger bitcoin becomes stronger. that's what's happening now.

absolutely true and i agree with you, the more countries attacks bitcoin the more bitcoin becomes popular.
some time you need advertising to promote your products but bitcoin just need some attacks to promote it self lol.

I think China will be the first country. which will settle everything at the state level first, and then simply remove the cream.

in China blocked Facebook, Twitter, Youtube, Instagram and Googles and much more I think the Chinese government is blocking everything that they do not create themselves, I think the news about the ban on trading in China should not have greatly upset you just accept it, especially if you are there do not live

China has a very long and wise history.
This is an Eastern philosophy that is not understood by many Westerners.
It is unlikely that China does not understand that crypto-currencies are advanced technology.
There is some kind of dirty trick.  8)

Indeed, I don't think they'll be able to ban it completely. They might try to ban a few specific coins but people will think of something in the end.

It won't affect crypto world for a long time, unless trade crypto currency in China illegal.

They are not able to forbid everything related to crypto. I think that any ban leads only to the growing of underground deals. This won't help the government to control the crypto market at all.

Do you have any links for this news? I was expecting that China would eventually move to ban all competitors of the yuan (or whatever digital currency they replace it with) though not this early. But then again, people would just move to other platforms. This might even entice people in other countries with no ban to set up their own exchanges should larger ones in China gets shut down. It's also likely that those exchanges would just try to relocate elsewhere. The only vulnerable part of the system are the miners though there are some interests being shown in other countries with cheap electricity (for example Norway). The genie has been out of the bottle, trying to put it back in is like playing whack-a-mole.

China is manipulating the market, in fact, as usual, I think nothing will happen.

The Chinese are very clever and cunning people and I think they will easily find a solution to bypass any prohibitions in this area!)

is it even legal to have any coins in China except Bitcoin? I see that also a lot of ICOs have restrictions concerning Chinese region.

China is pursuing a strategically incorrect policy regarding the Crypto-currency. It is necessary to take an example from Belarus, which is one of the first countries on the way to legalizing the turnover of the crypto currency

In such countries as China, with strong totalitarian control of the government, I think, cryptocurrencies have no future with the decentralized blockchain. Therefore, my opinion, anyway, within one or two years I expect a total ban on turnover of the decentralized cryptocurrencies in China

And what is the issues the Chinese have with cryptos. The banning of icos by their govt affected cryptocurrencies negatively a lot now it is about banning of trading of cryptocurrencies. They should make their position clear about it. And stop all the fud they are causing.

Last time when China banned bitcoin and trading, bitcoin suffered a blow and went down to 1900$ from 5000$ but the way it recovered and went to touch the glory of almost hitting 20000$ doesn't worry me at all. I think Its China's loss.

Many have learned to circumvent these prohibitions. They register companies in other countries, and in China it is only a representation. And all the questions to another country. If there is demand, then no matter how the government prohibits, there is always a way to bypass prohibitions and not get under sanctions. At present, China's influence has somewhat decreased to the market as a whole. This is good, because now news from China will not be such a dumping price.

The Chinese government better hurry and do the needful so that Bitcoin will find its level and all the rest of Bitcoin community will rest from this Chinese dejavoo  of banning this, clamp down on that. The earlier the better for all of us. Bitcoin will always prevail and will always becomes stronger all the time.

Chinese government wanted to make their own cryptocurrency and control its people again on this matter so they can easily makes money. I just heard this thing on some blogs but it didn’t bother me since I know chinese people will make their ways just to get some cryptocurrency.

And What chineese platforms are realy chineese - I mean phisicaly?

The Chinese authorities will block all platform for cryptocurrency trading.

Previously, China has closed all major cryptocurrency exchanges under the jurisdiction of the country, however, according to the authorities, this is not enough, and they plan to block access to local and offshore platforms that allow for centralized manufacturing. It is reported Bloomberg citing sources familiar with the situation.

Last year the authorities decided to close the cryptocurrency exchanges under the jurisdiction of the country. However, she was recently seen increased activity on alternative venues. The sources Bloomberg did not specify how the authorities will define such platform.


Crypto can never be really blocked.

I love chinese projects. They can't ban them forever especially with great projects like ITC that are known as the IOTA of china. https://coinmarketcap.com/currencies/iot-chain/

News from China strongly influences the dynamics of currencies, volatility has become much higher, the risks from investing in currencies have also become higher. However, for the market, which is only still developing, this is normal. We now have good opportunities to earn.

I don't know why people still believe in it , just wait till it comes because if you read it beforehand it is probably fake news used to manipulate the price. But as long as people don't get that we will be seeing the China fud much more.

I think that China has a slight effect on the course of the crypto currency. Of course, they scare big investors with their news, but smart investors know what to do. I think we will manage!

I do not think it is practically possible, even if they ban local exchanges, traders can join and trade at other dozens of international exchanges, so it will not be a problem.

I'm happy I bought COSS and SpectreCoin, DEX are gonna become really big as well as privacy coins.

The ban on crypto trade by Chinese government is just creating the negative price movement we have witness in the crypto currency community recently. But to me is not something that can deter chinese from trading in crypto. What about they use VPN to access offshore centralize exchanges.

China is a different culture. The government wants to control everything and follow everyone. They constantly, something is forbidden, you can not give birth to a second child, then you can not trade in cryptocurrency. Absolutely no freedom. Of course, the authorities do not want anyone to be able to make more money on the cryptocurrency and avoid their observation.

it is one of the reasons why the coinmarket is down, and some more news about plan to ban trading in Korea, but i think it's also a chance to buy some coins with lower prices