Bitcoin Illegal in China Communist party imposes the Death Penalty

[Bitcoinpro]

remember these thread s from Dec 2013 

[StoreBit]

for so many times these news are circulating in the market. but I think nothing like this will happen. most of the chinies are supporting bitcoin. they have invested most of their money in biotin.

[Wilikon]

remember these thread s from Dec 2013 

2013?
You could repost the threads for us here, for the younger bitcointalk generation...

 

[Fortify]

If someone stole enough money in China and annoyed the wrong people, they probably could still execute you with the currency - bitcoin - playing a small part of the sentence. The authorities are usually one step behind with unforeseen trends but I don't think it would ever become a capital offence unless it was heavily undermining the Yuan. I wouldn't put it past Russia right now..

[bryant.coleman]

The Chinese authorities are still pretty much concerned about the rise and popularity of Bitcoin. But right now, they are unable to do much to counter its usage, as most of the exchanges and businesses have shifted their operations to the Hong Kong SAR and the Macau SAR. These regions are outside the jurisdiction of the mainland authorities.

[varyspro]

The concern of the Chinese authorities bitcoints popularity is justified. If all the Chinese people will make the Internet no one will work in enterprises for peanuts. Loss of control power over the citizens of income will be the collapse of the system

[bryant.coleman]

Back in 2013, there were genuine fears that Bitcoin could be used for tax evasion and money laundering. But then in 2014 and 2015, the popularity of BTC waned, and even now the market cap is only around $10 billion. Also, criminals have generally avoided Bitcoin for money laundering purposes, due to the difficulty in converting bulk amounts to fiat.

[zenitzz]

if this news is true why most users bitcoin come from china, that's too hard punishment only for using bitcoin.

[Spendulus]

If someone stole enough money in China and annoyed the wrong people, they probably could still execute you with the currency - bitcoin - playing a small part of the sentence. The authorities are usually one step behind with unforeseen trends but I don't think it would ever become a capital offence unless it was heavily undermining the Yuan. I wouldn't put it past Russia right now..

Execution is rare, typically for someone who causes the nation to "lose face."  An example a couple of years ago was a manufacturer making baby formula / milk that turned out to be poisoned.

[xht]

After china governments do not allow the media to write about bitcoin to restrict information about bitcoin so they hope there will be a decrease in bitcoin user but it looks the way it does not work, now they wear the sanctions the death penalty? crazy