Bitcoin Forum

Japan, Singapore, the United Kingdom and Australia are more friendly to bitcoin; the situation in the United States is more complex and the states have different attitudes; but the mainstream is regulated; the attitude of Russia and Thailand has gone from a strict ban to a gradual relaxation; and China is stepping up its adoption The investigation of money laundering and illegal financing of digital currencies can be said to be the most severe. What do you think of it?

I think this is only temporary, because I think cryptocurrencies will circulate around the world over time, and if China bans Bitcoin, how do they trade with other countries? And cryptocurrency is a technology, an anonymity and decentralized technology that, if China does not have every technology in every country, then they are somehow behind.

China is not the only country using cryptocurrencies, there are many other countries as well who are using. Though China once was a dominant user of cryptocurrencies, it declared a ban and shook off its dominance. Now it won't matter if it again bans cryptocurrencies or not. It might create a minor fluctuation as it obvious because of the panic sellers but Bitcoin as you know, will recover the drop easily and will get back on track to the rising moon.
I believe taking it lightly would be the best thing to do if at all it bans the trading platforms.

China is not the only country where bitcoin exists. The fact that he forbade the trading platform from influencing bitcoin may be enormous, but not that there is no bitcoin in China. Moreover, these news China came out a lot every year, but now, bitcoin can still circulate in China.

I personally feel if china bans its trading platform it would have a severe impact on cryptocurrency.I agree that bitcoin is now used in many countries and many countries are ok with that but we can't disagree that china still has the major user of bitcoin and even people from different countries invest in china market soo if that ban happens,it would be very difficult for bitcoin or any other coin to recover it so easily and even it can bring down some coins to death.

I think China's ban on bitcoin exchanges is bad for the development of bitcoin.
China is one of the largest trading countries in bitcoin.
I think that will have a big impact on bitcoin.

I do not think so much about China as a means of forbidding exchanges, that is to say, mining will not be affected. China's domestic trading platform can not be used but other platforms can be used, at the most operational and cumbersome, without us Imaginative so much impact.

I don't think the impact of China's ban is huge.
You can see that there are still a lot of Chinese investors entering the cryptocurrency market, and they can buy the encrypted currency through the legal tender through OKEX and huobipro, so I don't think it has much impact.

With China's accession to the SDR, the RMB internationalization strategy of China started to move forward with all efforts. The nature of RMB internationalization is a regional-centric monetary strategy. The de-centralization of Bitcoin is exactly the opposite of China's RMB internationalization strategy. The clash of such strong currency attributes has forced the People's Bank of China to "torture" bitcoin after weigating it again and again.

most countries have adopted bitcoin and added some regulations for it. some others are in the process of doing it and on rare occasion, maybe 3 or 4 countries went all out for a ban. and these countries are small and under developed so nobody really cares about them.

China and other bigger countries like Russia have "TALKED" a lot about bitcoin and how to regulate it but they have not yet reached any major decision regarding how they should move ahead with bitcoin. specially Russian. one day you hear someone from government saying they should ban it and the other day they say we have no issue with bitcoin we love it.

It looks like Asian countries except Japan are all against Bitcoins for some reason, and it's really annoying to see Chinese do such petty stuff, they were so ahead in Bitcoins and now look at where they're going. I hope these Asians countries realise they're wrong and start working on it. I feel any government that doesn't support Bitcoins should be thrown away from power. I

Fight against illegal financing and all illegal crimes I think this is the right behavior, there are pros and cons of Bitcoin, what it needs now is to develop themselves, so as to allow more countries to accept more convincing.