Why China's Ban On Crypos May Be Temporary - Forbes

[sakkosekk]

Thank you for sharing these interesting article to me, I think the Chinese government will not ban crypto, they just want to stop ICO scams.

That's right, I agree with you
Any development of hot, cheating or unsuitable phasp needs to be inspected
All is just to serve development and find the right direction
No fraudulent ICO

[MOSSAD]

Interesting read. The thing about mainstream media is that they mumble and jumble everything together when it comes to cryptocurrency. Most of these writer just don't understand what this is all about. Instead of some of them to seek people with clear perspective about crypto, they keep regurgitate each others mislead information.

At some perspective maybe the news actually is true but i dont know either if its a good or bad news if ever the election would really have new sets of administration. Cause what if the next administration would continue the incumbent administration. Let's just wait because as of now, the temporary really had great effect on how the price of btc is increasing because of their role on mining.

this is probably the dirty strategy of china
which I want to ask
is the bitcoin created in china?
does china create blockchain technology?
we can only wait for the next news

[senin]

It seems that the Chinese government has not been able to prohibit the crypto currency in its country and in the near future its circulation and exchange for ordinary currency will be resumed. This is good news as the Crypto currency market has frozen in anticipation and this is hindering the normal development of the crypto currency. However, I would like to hear clear statements about this very government of China. Too many rumors and unverified facts, and the information provided is not sufficiently specific.

[batang_bitcoin]

this is probably the dirty strategy of china

As the article said it is politically motivated and this is a good news actually as the ban will be lifted after the election. It's good to see that the price will be ready to enter $5,000 on that day.

is the bitcoin created in china?

No, it is just mined there by different mining farms as most of the miners are living in China.

does china create blockchain technology?

No, it is created by Satoshi Nakamoto but no one knows what's his nationality either.

we can only wait for the next news

Yes and that news is going to be a good one.

[lolzo]

Not sure how they can conclusively stop bitcoin in china. It would be very difficult to work out who actually holds it in order to enforce the ban.

[QueenOfCrypto]

Interesting article, but actually who did really think that China would really ban long term this new crypto-economy?

[Indrawan77]

To be honest I dont know what is inside of the government's mind but if it is true then it will be a good news for all crypto users,  but I feel a bit pessimistic about this, China really strict about alot of things, I dont believe the ban is going to be temporary, but let just hope for the best because the decision could affect the bitcoin and other crypto

[radeone]

In October or November, China will hold its 19th Party Congress. It’s not an election in the truest sense—the Chinese people do not get a vote—but at this closed-door meeting, officials will appoint some of the country’s top leaders.

Next year’s Congress is more important than most. Five out of the seven people who currently sit on China’s all-powerful Politburo Standing Committee are set to be replaced, while about half of the 18-member-strong Politburo are also outgoing.

[benthach]

Forbes article provides the political motivation behind the ban and hints about the possible revoke soon

https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/#5ca43cd97929

https://cointelegraph.com/news/chinese-ico-ban-may-end-after-oct-18-with-communist-congress-elections

no one should be care about china anymore, really.

[Arkann]

. Let's hope that after the next party conference in China on October 18, which will elect a new party leadership, new party leaders will have the wisdom to cancel prohibitions and restrictions on the circulation of crypto-currencies inside the country, leaving only its reasonable regulation following the example of Japan. I do not want to lose such a large crypto currency market as in China.

[HEROinME]

out of curiosity, how would the actions of the china government affects the tons of mining farms in China?
I really don't see how they can ban totally....

Though i heard whatsapp was "blocked" in China recently.

[stunvn]

I don't care about China anymore but have to say this:

The government of China wants to ban exchange to investigate money laundering. They will reopen soon after finish investigate. 

[Cloud27]

It's all politically motivated undertakings, the banning of ICO and exchanges. Well then, I'll have to wait and see what will happen in the crypto currency in mainland China after the upcoming communist party convention. Maybe a government self issued digital currency will emerge and a regulated ICO and exchanges.

[SaiyanSS3]

I do not believe the China and their people.
But I believe the Forbes.
I am a good guy, and no one else is.

[aoluain]

it still am waiting to see where they banned "cryptos" or as the article title says "ban bitcoin"!

to this day i have neither read any news from China about banning bitcoin nor i have seen then actually banning bitcoin.
the only thing i keep seeing is that uninformed news sites which do not even know what bitcoin is, repeat the same thing about China banning bitcoin!

the funny thing is even Chinese themselves are annoyed by this lie https://twitter.com/SatoshiLite/status/911067464796053506

I would agree wih you BTCLovingDude, i have been saying
This for a number of days now. It seems like people pick
up on a whisper and it just spirals out of control.

The only news i have read is that china imposed a temporary
ban on exxchanges and would look at implementing a
licensing system. And as for ICO's they need to sort the
Legitmatenones from the scams.

Its good to see the mainstream media report something Positive

[Amalker]

I think it will be better for all, if China would be out of cyptos with they manipulations on the whole cryptomarket.

[MAVO_EezznkQ]

Another theory is China ban all ICO and cryptocurrency so they can create their state-owned, state-control cryptocurrency.

[dewanaga]

Forbes article provides the political motivation behind the ban and hints about the possible revoke soon

https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/#5ca43cd97929

https://cointelegraph.com/news/chinese-ico-ban-may-end-after-oct-18-with-communist-congress-elections

chances are it's true bitcoin in china is temporarily disabled,
but i also think if bitcoin there will really not be

[IamAltcoinfan]

Whatever the affect in cryptoworld because of China rumour o think it’s healthy change because there is lots of ico coming up with only scam interior with the white paper and website . Ico has to be regulated so that lots of losses can be reduced for the innocent people . Again China is not completely banning Ico.

[Images21]

It does not have to be coming from Forbes in order for people to be convinced of the fact that this will be highly temporary. Crypto is the future of currencies and china will not allow itself to be in the last batch of countries adopting it. China will have to face the reality and adopt too.