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October 01, 2017, 10:22:00 PM |
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Hey everyone!
I have been reading up on china ever since I got into Bitcoin, I did strike gold once with Neo/Gas, but since there has been a lot of FUD from the region I lost a lot of my profits mid Sept. I would like to use this thread to discuss the future of Crypto in China.
From recent reports I have read, China won't be banning Crypto permanently and the entire program was to clean up the market. I am well aware of how China is limiting money which is sent overseas due to their foreign reserves decreasing and debit levels rising. I have seen this first hand here in Australia and New Zealand where Chinese buyers are unable to settle properties they are trying to buy, which is leaving a gap in the market and new apartment prices are decreasing.
I have read in a few places that China intends to create a centralized system/exchange for Crypto, so they can limit how much money is 'lost' .
What are your thoughts? Do we have anyone here who knows better?
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