China Enlists Its 'Great Firewall' to Block Bitcoin Websites

[PlusCoinINK]

China will reportedly block anyone in the country from accessing websites that offer cryptocurrency trading services or initial coin offerings (ICOs). Advertisements relating to Bitcoin and other virtual currencies have also been scrubbed from search engines and social media in the country.

What do you think will be the effect of this in the crypto industry?

Source: http://fortune.com/2018/02/05/bitcoin-china-website-ico-block-ban-firewall/

[magneto]

China will reportedly block anyone in the country from accessing websites that offer cryptocurrency trading services or initial coin offerings (ICOs). Advertisements relating to Bitcoin and other virtual currencies have also been scrubbed from search engines and social media in the country.

What do you think will be the effect of this in the crypto industry?

Source: http://fortune.com/2018/02/05/bitcoin-china-website-ico-block-ban-firewall/

I wouldn't really think that it'll have a major efffect on China's crypto scene from what it is right now, to be honest.

China has already expressed in the past that it wants to restrict access to all cryptos in its country, and this time it is absolutely no different. It's already shut down all exchanges within its border, for instance, which was a huge blow. Then it tightened the mining rules of bitcoin within China.

This was just an extension of the policies that are mentioned above. I believe that this has been long priced in already.

Of course, it's negative news. But it's China. What else would you expect? Plus, do you really think that ICO investors will shy away from investing just like this? They'll use VPNs to invest nonetheless.

[crazyivan]

Absolutely nothing.

Every single China ban has been already included in the current price, there s nothing else they can ban ATM.

Not to mention they will have to change their stance some time in the future when they figure out they re the only big economy having this negative stance towards crypto.

Look at US, NO HARM DONE policy is what makes money and fosters innovation.

So China, u re big time wrong! Innovation cannot be stopped.

[stompix]

Absolutely nothing.

Every single China ban has been already included in the current price, there s nothing else they can ban ATM.

Not to mention they will have to change their stance some time in the future when they figure out they re the only big economy having this negative stance towards crypto.

Look at US, NO HARM DONE policy is what makes money and fosters innovation.

So China, u re big time wrong! Innovation cannot be stopped.

Unfortunately not yet.
I still can't understand all the China madness, all these users who think China is the godfather of bitcoin.
I'm growing tired of even arguing with them, they can't understand simple logic, simple facts.

For these people even if the Chinese government will come and say , "You know, we have banned bitcoins 100 years ago" they will still sell and run amok.

And now this madness has spread to India, and there are some that believe INDIA is the biggest player in crypto....
Probably we will end up with panic because Samoa has banned crypto.

[tdrinker]

Absolutely nothing.

Every single China ban has been already included in the current price, there s nothing else they can ban ATM.

Not to mention they will have to change their stance some time in the future when they figure out they re the only big economy having this negative stance towards crypto.

Look at US, NO HARM DONE policy is what makes money and fosters innovation.

So China, u re big time wrong! Innovation cannot be stopped.

Unfortunately not yet.
I still can't understand all the China madness, all these users who think China is the godfather of bitcoin.
I'm growing tired of even arguing with them, they can't understand simple logic, simple facts.

For these people even if the Chinese government will come and say , "You know, we have banned bitcoins 100 years ago" they will still sell and run amok.

And now this madness has spread to India, and there are some that believe INDIA is the biggest player in crypto....
Probably we will end up with panic because Samoa has banned crypto.

I don't think India will take an approach anything alike China's. I suspect they'll choose one of stricter regulation but still openness. I agree that in time China will reverse their decision, they're missing out on too much if they do not.