Bitcoin Forum

In March, the head of the people's Bank of China Governor Zhou Xiaochuan said that China will never recognize bitcoin and other crypto-currencies as means of payment. But already on 19 March he was dismissed, and the head of the Chinese Bank becomes his deputy. And on March 21, makes the statement "Bitcoin gives the opportunity and freedom to any person to enter the market of finance."

What do you think about this? Shift of China's attitude to bitcoin in a positive way or not. Or this statement to anything will not lead?

there are countries (like US for example) who don't recognize bitcoin as a currency but that doesn't mean they are against it. they can still consider bitcoin as a commodity hence the second statement is true.
in case of Chine things are always behind a cloud somehow. partly because of the bullshit media that spreads lots of false clickbait which they call news but also be cause Chinese have always been weird when it comes to bitcoin!

At first, I think that China governor Zhou is needed more time to think about it before he totally decided. We cannot blame his because I think he only doing just because he really care about their community but I think in the end he finally realize that bitcoin and crypto currency has a good and better things that can do for their community and their country.

bitcoin in china has been banned. the Chinese government forbids crypto trading money, because the negative side can harm the government and also its investors, one of the largest bitcoin market in China has been closed

Chinese government is encouraging/telling its citizens to buy Gold and Silver since year 2012. Traditional investments are the safest since they survived the test of times for 100 years and seen many wars.

Oh please.. stop spreading FUD. You are starting to make a fool of yourself now, and people are seeing you for what you are.

You are lucky that this forum allow shills as yourself to spread your poison. Gold investments is for the people who has no

balls to take chances in life. They only invest in something, if it is a sure bet. Everyone knows that the Gold price is being

manipulated by cartels. Apart from that, it is the most boring investment that you can do.  ::)

With the new bank governor with the statement of giving a chance for the crypto currency it will have a good impact, and I think it can also affect the price, because we understand that china is very influential for crypto.

So you're saying that gold investment is a "sure bet" and Bitcoin is not.  Since your post implies that the OP is correct, why are you trying to claim that it's "FUD"?

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Considering China's fairly recent crackdown on exchanges and mining, I would consider it neutral to BTC at best and hostile at worst.

I don't think that whether a country regards it as a currency actually matters.  All that matters is its decisions on how to treat it for regulation and tax purposes.  If the Chinese government haven't made changes or planned to make changes to those things, I don't think it matters what their general impression of cryptocurrencies is.

That's positive if they changed their statement about bitcoin but it doesn't matter anymore. Bitcoin has never* been banned in China. If it was then bitmain will stop operating the ban is implemented to all cryptos.

They are one trouble the bitcoin in the last year in a negative view. I hope now only they have understood the benefits and usage of bitcoins. Please invest your fund on trading field or elsewhere.
All the amount will be much safer since we are seeing the symptoms of the Chinese government's effort.
Hope we see the peak value again in the market, that is what my expectation about this move.

Sometimes I do not believe that bitcoin market in China is closed because china sometimes manipulates bitcoin followers so coins are sold and bought cheaply by Chinese.
It is true that bitcoin trading is very large in china and I am sure bitcoin is still reliable.

I think this is FUD news, China just manipulate us in-fact China has a giant bitcoin mining in the world, Chinese mining pools control more than 70% of the bitcoin network’s collective hashrate and this is huge, how they can say that they ban or not recognize bitcoin on their country!

Chinese government attitude towards bitcoin has not changed at all. they never opposed it or banned it or anything like that but at the same time they have always treated bitcoin a little harshly.
for example the crackdown on exchanges which was justifiable but also harsh at the same time since these Chinese exchanges were in fact shady.

Change of thinking of the Government of China can be a positive side for Bitcoin.because China was the most Bitcoin friendly country. but recently China was continuously changing their decision.they were quite confused about legalizing Bitcoin. I'm not sure about the news that China has already banned Bitcoin .but I have heard this. if China wants to be positive with bitcoin,this can  be obviously a good side for Bitcoin. I think so. because Bitcoin was invented in China.

You can not expect good things coming from china independent of them having new Central Bank Head, Look what happened after they got new Central Bank Head:

China: Blockchain Conference Shut Down By Police, Organizers Claim ‘No Legal Issues’ (https://cointelegraph.com/news/china-blockchain-conference-shut-down-by-police-organizers-claim-no-legal-issues)

the Chinese government has not stopped its attacks against bitcoin and they will not stop until China does not have that word bitcoin. governments like China are not easy, they do not care about their people, they care about keeping their people under total control of them and this is becoming more dangerous every year


they will not change, they will not accept bitcoin

I believe there is a typo in the title of your thread, you might want to take a look at that, because I don't know any place called "Cnina". This might be a strange new spelling that I am unaware of, so please excuse my ignorance if this is the case.

I don't think very much of this, but what I do think is that it is rather shallow and transparent. Over the span of a couple days there is a complete turnaround to how the government is viewing cryptocurrency. I believe that this was an attempt to see how much sway the Chinese government has over the Bitcoin market. They were curious how much power their words have over that particular market. I am sure they alerted their buddies of this announcement, allowing them to take positions that would result in a profit from their expected outcome. It just seems like a game that they are playing, if you ask me. I do not believe they have any plans of legislating Bitcoin in any significant, long-term way and will most likely manipulate it for their gain if possible.

are you proposing that all chinese start making cryptocurrencies now?

should whole earth now create just cryptocurrencies to become rich?

human right for having an own cryptocurrency? to prevent pyramid systems?

we will surely then have a lot of money, but wont find any idiots that will work for it.

China changes their position on cryptocurrency too frequently, so I wouldn't really rely on statements that they make.
Anyway china seems to be really unfriendly to bitcoin after the recent laws that they made against local exchanges in their country.
Anyway I don't agree with you, a country will never state they are against bitcoin, even if we are talking here about China, they will do some steps against bitcoin, that is acceptable, but they will never state that directly.

I don't want to say something bad about things that China had said, maybe if I am also their President I will do the same, and if they find bitcoin now as an opportunity then it is a great news for all of us because the demand will increase, and that they are doing their part to study crypto well.

You want the truth !?!? . Both of the statement are BS and should mean nothing to real BTC supporter or holders . 99% of countries statements  are just pure shit and mean nothing . If china banned BTC why they did not close bitman factory until now ? . Stop hear FUDs and just focus on collect BTC because trust it will not be as easy as now ever again .

While governments of different meaningful countries arent able to control crypto currency they wont try to close the access to it all. They aint fools in common what goes about extra money. It's only beginning, yall.

Indeed! Let us just focus ourselves in collecting bitcoin, and don't mind some countries who does not believe in bitcoin as we don't need them, btc is already stable with or without them, they can do what they want worst is they are just manipulating the mindset of people but the truth is they already have bitcoin in their wallet, who knows right?

Government has ways on handling things and government does not affect bitcoin that much
It is the news from media that controls the feed of social media sites and other information materials that affects potential investors to buy bitcoin
But in china's case well i hope they will fully accept bitcoin even after the banning

Bitcoin isn't in China, because Goverment controlled content on Internet, they just agree with the content conform for the polictic, and additional, they want the economy is unique almost by china. Bitcoin is so open, many things hard to control, hard to take some profit from them.

China is a country that has a great influence on the development of Bitcoin. Currently, the Chinese government has issued a ban on Bitcoin. The rich and poor in China are very clear. The rich in China do not want the government to manage their personal assets. They are concerned that the government will introduce high tariffs. They seek to transfer cash into digital assets, Bitcoin. The government says that Bitcoin is a tool for people to evade taxes, along with corrupt officials washing money ... So China has banned Bitcoin.

I think that China is finally beginning to understand the importance of triplevalue and blockchain. And from the opinion of the Chinese government, much depends. After all, China is a leader in the global economy. And the majority of miners are just the same in China, and this is very important.

If China really wants to compete with the US, it will sooner or later have to legalize bitcoin transactions otherwise remain on the sidelines of the world.

To me China was able to really close ots doors on bitcoin with its ability to really assert its rool not just on some places but to the whole of China. Also I do believe that China is also technologically advanced and has enough integrations on both its government and the whole economic sector that it can both sway and influence the going ins and outs of all those who are in them. That’s why bitcoin in china though seem lost I’m still hopeful that they’ll change their mind

I think that China governor Zhou is needed more time to think about it before he totally decided

China will continue to resist and they won't allow using cryptocurrencies anytime soon. It is not possible for them to inspect every citizen and see whether or not they own some cryptocurrencies. They will have to allow Bitcoin some day because they will earn a lot of money from it. Bitmain is a Chinese company, they earn million of dollars every year. We all know what is going on in China and how its governments work, they even firewalled the whole Internet. Time will show us what happens to Bitcoin in China. I am very optimistic about it.

In my opinion it is a matter of time. Gradually all the countries of the world will accept bitcoin and will allow people to deal in bitcoin. China also know the importance of bitcoin because china is the big exporter of almost everything and payments in bitcoin is easy than any other currency. So they know that the payments will be easy in bitcoin.

Many countries did not recongnize bitcoin as a currency bt many companies are accepting bitcoin as their payments. The people feel ease to pay to other countries. No tension of exchange. This is the main thing that chines government realized and they announced that all the people are free to trade and use bitcoin. It is a good sign for bitcoin users.

Thie is a cheering news for blockchain and altcoins to flourish. Good news.

Err, remind me again how this is a cheering news again?  Those statements did not guarantee anything positive to the acceptance and implementation of bitcoin as a payment system for online. From my perspective, he is probably saying that bitcoin "Bitcoin gives the opportunity and freedom to any person to enter the market of finance" and by this means they do not want it in their country,  so therefore, they banned it.

Well, if it is good for bitcoin then it is fine. People may take a dfferent decision if the previous decision that they took is wrong. We should respond to this positively.

Obviously this will have an impact on bitcoin prices if the governor of a bank in China receives cryptocurrency in their country especially those who often invest in bitcoin are investors coming from this China will affect the price of bitcoin that will continue to increase.

China currently implements strict economic control measures. They do not prohibit Bitcoin, but they fear Bitcoin because they cannot fully control Bitcoin. Any dictatorial country will fear things that cannot be controlled, even if it is beneficial to them. I think that when the Chinese government manages to effectively monitor cryptocurrencies, they will accept Bitcoin again.

China has banned the crypto currency and the website that promotes crypto currency and the website where the crypto currency can be won or can be earned is completely closed to the website. Bitcoin and other virtual currencies have also

As far as I know, so far China is not ready to regulate the bitcoin

Well for starters, i think this change in the head of Chinese bank will not affect the whole counyry's decision of banning cryptocurrency. China government is the one eho made the decision to ban bitcoin not its central bank. In line with this, China's firewall are even designed to block anyone in the country who accessed exchange sites. So this is entirely the head of china not just the head of the bank of China to make the decision of banning bitcoin or not.

Sources: https://www.investopedia.com/news/bitcoin-banned-china/
http://fortune.com/2018/02/05/bitcoin-china-website-ico-block-ban-firewall/

Bitcoins in China are under strict management. The Chinese government is stifling the development of bitcoin. They do not want bitcoin to affect their currency system. China is one of the countries that strictly prohibits bitcoin operations.

I did not see this news before, yes. you may have to accompany the link as a proof reference.
china is the perpetrator of the accident in 2017 and made the bitcoin fall but the accident did not last long, I am not sure about this news information. maybe this is just a rumor

For now probably. I believe there will come a time when even the chinese government will succumb to the need for crypto and digital economics. They can't supress progress and bitcoin and crypto is basically a part of that

any restrictions and strictness in China has always been because of the fact that there has been a lot of shady activity there. for example you can not expect the government to stand still and do nothing while big websites call themselves exchanges and launder a lot of money.

China is a biggest manipulating of crypto , last news about ico bans moved price so low and may be in future we will see again same manipulations again.

China often changes their position on cryptocurrency, so I don't really rely on what they say.

They have never opposed or banned bitcoin, only last September when China banned the ICO project.

Now, according to local media, China will block access to domestic and foreign services “to prevent financial risk.”
China has a long tradition of blocking unwanted foreign websites using the so-called Great Firewall of China.

“Overseas transactions and regulatory evasion have resumed,”
 said an article published Sunday night by the People’s Bank of China-affiliated Financial News,
as quoted by the South China Morning Post.
“Risks are still there, fueled by illegal issuance, and even fraud and pyramid selling.”

Hardly. The People’s Bank of China has run trials of its own prototype cryptocurrency,
taking it a step closer to being the first major central bank to issue digital money.
 China’s vision, however, seems to be based more on taking full control of such transactions in contrast to the libertarian aspirations of Bitcoin.
but then.... China often changes their position on cryptocurrency, so I don't really rely on what they say.

China had more number of mining pools as compared to other countries.After the ban news from China,the price of bitcoin reduced huge.I had read in a crypto news,China going to accept the ICO.Your words also seems bitcoin will be accepted soon in China .If that happened,the price of bitcoin will reach back to the value of 20,000$.

In the circle of virtual currency, despite the closure of major trading platforms by the Chinese regulators, several large digital currency exchanges represented by the Huo Yuan network have all moved their servers overseas and want to obtain legitimate licenses.

Man, I can't believe I have missed the news. Would you be kind enough to paste a link in this thread where I can read the actual content? Anyway, this news (if it happens to be true) will surely create a positive impact to all of us. New buyers will certainly get into picture once bitcoin has made a sound.

The amount of Bitcoin that can be obtained each month to reach 4050 tokens. In one factory complex, there are six Bitcoin mining facilities. To keep the mine operational maintained, there are several engineers and technicians who intentionally live there.

I think so far. China has not banned crypto or bitcoin. They try to create the opposite information to capture the market

Looks like Chinese banks will stop processing Bitcoin transactions now that India has almost banned Bitcoin

we will never know how China's attitude to the crypto world, is difficult to predict, even more difficult than predicting bitcoin fluctuations.

China is one of the largest crypto trading countries, many bitcoin mining places, but some bitcoin mining companies fear their mining will clash with the Chinese government's rule of banning crypto transactions.

some reasons why the Chinese government bans crypto because cryptocurrency is hard to control and worries used by criminals.

I hope what he says gives a place for the crypto world to enter the free market.

Miners create bitcoins by solving complex mathematical problems, for this they need powerful computer equipment. In China, their "farms" are located mainly in sparsely populated suburbs with inexpensive electricity and a cool climate. 80% of the power spent on the creation of bitcoins in the last 30 days falls on China.
According to experts, the simultaneous shutdown of facilities located in China is unlikely - including because China is spinning nuts in the turnover of bitcoins for months, and many miners already could transport equipment from there.

in my opinion, china greatly affects bitcoin because china is the most densely populated population in the world so that economic and trade movement also influences with giving him the opportunity to make transactions with bitcoin is a plus point to increase the price of bitcoin back.