Which Asian countries have the greatest influence on bitcoin?

[Lorence.xD]

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- The information I have heard more is that China has announced a ban on mining and asked banks to cancel activities associated with users who want to use bitcoin, and maybe this is a fact when the price of mining equipment here has been liquidated and plummeted, the crypto industry in china seems to be in a state of alarm. Crypto platform in china is losing its promise in the near future, we don't know how radical bans can be, the rules of the beginning have set up such a psychological barrier, there will be no living space for investors and traders to continue.

The fact that you are worried about what China does even though it's pretty much a negative one means that they are the most influential country in the Asian region in the case of bitcoin and other cryptocurrencies. I don't think it will be a permanent ban though, remember how they have been doing this kind of tug of war against bitcoin for a long time now? I think that they will give in some day.

[Vishnu.Reang]

The fact that you are worried about what China does even though it's pretty much a negative one means that they are the most influential country in the Asian region in the case of bitcoin and other cryptocurrencies. I don't think it will be a permanent ban though, remember how they have been doing this kind of tug of war against bitcoin for a long time now? I think that they will give in some day.

The Chinese government is normally receptive towards new innovations. And that is one of the reasons why they had such startling economic growth between 1990 and 2010. But the government is quite authoritarian and doesn't want a decentralized asset such as Bitcoin circulating in its territory, as it can create issues for the heavily manipulated mainstream market in that country. Now with the introduction of the digital Yuan (eCNY), the Chinese government is confident that they will be able to replace Bitcoin with CBDC (eCNY in this case).

[sapnu]

No contest, China is the biggest influence in the Asian region. I think them having the bigger population and having more mines than any other countries is enough to bolster the fact that China is the biggest influence to bitcoin even though they are now cracking down on mining, they still have the lingering influence.

Unfortunately, China is on its move on banning crypto services and mining within their territory. If only that was not the case, considering how powerful and how wealthy the nation is, they will surely be considered as the Asian country that has the greatest influence over bitcoin and other crypto as well. Regardless, the citizens of China will surely still find a way on how they can still access crypto as well as mine secretly which will make an impact still towards the market. Let us hope their decision will be stopped or be temporary only because they will be of good help to crypto if they would allow the regulation of it.

[ziennakarishma21]

Recently China is a big country and has the biggest influence in our electronics market. Currently, the bad news of China caused so far has greatly affected the market, causing BTC to drop deeply, 50% compared to the previous months.