Recently, I heard that China banned holding cryptocurrency and cryptocurrency transactions, so does that mean that having cryptocurrency in China would be a criminal offense? Moreover, why create such a ban in the first place?
In my own understanding ICO,IEO, bitcoin and other decentralized coins are banned in China, and not all crypto currency. And actually now china will embraced blockchain and after that statement they annouce again in planning to own crypto currency.
And I think if you holding bitcoin, doing some transaction, launch ICO or IEO you will be considered criminal and authority will caught and detain you. And I think why decentralized coin are banned in China is because of the threat on thier goverment banks and people are always victims of scam ico,ieo.
No they want to control the people. They don't want freedom for them. That is how they do it. Threaten you with the law because of a different view. Should only get arrested if you are hurting another person on purpose.
Mining doesn't. It is money and control. Or power as they say. It is only ever about one of those two things and the truth is a muddy puddle. Are decentralized currency rally banned? How can you prove if it is dencetral or not?
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