What will happen to the china based cryptos ?

[VenessaShillerqzx]

according to me the measures taken by the Chinese government are only temporary!
The Chinese president wants to show that he manages everything because the elections are coming soon

That is not a smart move in my opinion. Many suffered  because of their idiocy. I am sure this did not have positive impact.

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[e-coinomist]

according to me the measures taken by the Chinese government are only temporary!
The Chinese president wants to show that he manages everything because the elections are coming soon

Are there any similar former cases where Xi Jinping recalled any decrete before? The damage done is looking rather permanent. Don't know what would be to regain by reopening Yunbi agains (as example)

Worst case scenario, the company will be "sold" off-shore (outside China). 

They could easily reopen in Hong Kong. 

Two possible SAR regions Macau features enough autonomy, too. That would be the quick fix. On the long term any crypto project that's sitting like a dead duck on one single spot is doomed sooner or later. They will see the money, they will want to grab that money, period.
Either branch out to several different legislation types, or perish.

[carlisle1]

What will happen to the china based cryptos ?

the announce btcc totally banned of the china government, the cryptos die in the china and according to news japan try to start mining, in this step dicision of japan is a big help to bitcoin to recover the price value.

even without china there's still lights from this crypto investment as mention japan are now considering to create mining system that will compete with
antminer not confirmed yet but for sure it will bring more investors and new comers inside crypto industry.

[PowerfulGuerilla]

According to the reports and the latest news on the cryptocurrency situation in China, the cryptos are in the process of shutting down and closing them completely.
It's known at the beginning of this month China placed a law ban on ICOs as being the illegal form of fundraising. Currently these regulators are thinking over to put the much more integral ban on any trading platforms and exchanges. So, the China-based cryptos have really unfortunate prospect.

[flower1024]

What will happen to the china based cryptos ?

the announce btcc totally banned of the china government, the cryptos die in the china and according to news japan try to start mining, in this step dicision of japan is a big help to bitcoin to recover the price value.

even without china there's still lights from this crypto investment as mention japan are now considering to create mining system that will compete with
antminer not confirmed yet but for sure it will bring more investors and new comers inside the crypto industry.

Now all investors and miner alerted to see China announcement, so now onwards nobody will support China based mining pools and cryptos. It is good to see that Japan immediately reacts with this issue and they are helping to bitcoin. Maybe next Japan will replace China, and they will take hold on Bitcoins.

[oreits11]

not really of much to change as the different level of expectation as investors to put of decision as releasing distribution of funds
as following use of strategics on appealing the use of details as the customs on personal preference
to work with the release of displacement
to keep on secure with the running of terms with the projects plan as different developer to gives as customs on returns with the possession of
authority as showing the level of competence.

[Argoo]

At present, China not only restricts and prohibits the circulation of crypto currency in its country, but also actively seeks ways to solve this problem in order to preserve the crypto currency, and that it will cause minimal damage to China's economy. As they do, we'll see in the future. However, it is too early to consider that the crypto currency will be unequivocally banned in this country. If this happens, then China will become an outcast for the world's crypto-exchange community, and its place in this market will be occupied by others.

[Idrisu]

What will happen to the china based cryptos ?

I don't think China as intelligence as they are will allow it citizens to lose such huge amount of investment in cryptocurrency. Chinese investors has the best technology and software structure in cryptocurrency and I believe the government has it citizens at heart and that is why they are trying to stop the activities of scammers and fake ico project by providing a framework for how cryptocurrency should be use in China.

[Kupid002]

What will happen to the china based cryptos ?

I think Chinese government did not shut down permanently , they just want to make policy against bitcoin in order to protect people from money laundry etc
I'm sure that Chinese exchanger can be operated once again in the future but with restrict term that have been apply by government

yes i agree with you i think that so that there comes a time that all crypto that is based on china will be operated we dont knowwhen it will be but i think they wont let that this crypto will totally gone in the currency.

[aoluain]

Everyone knows china is a big factor in Crypto
But if they choose in the future to completelg
Close their doors to it there are plenty of other
Users in other countries so it will continue.

I hate how eceryone is thinking the worst at
this early stage in the China news and how
People are including exchanges in the worse
Case scenarios.

F
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