So the China Bitcoin ban is because NORTH KOREA

[muenze]

Anyone read this article?
Its pretty negative towards bitcoin, calling it "bitcon" but still pretty interesting i thought.

http://nypost.com/2017/09/25/bitcoin-market-may-be-financing-north-korea-after-sanctions/

But I’m told the nations that put those sanctions in place are worried North Korea is getting around them by using the bitcoin market to get secret financing.

And I’m wondering if that’s the reason China, which seems to be on board in pressuring North Korea, recently shut down bitcoin markets.

[stompix]

Article?
Since when are 5 lines of text an article?
That's one garbage website with 99% clickbait titles.

Besides, how would NK use bitcoin?
They would have first to get them (how?) then buy the stuff which is already a subject of UN resolution) and acquire more btc.
It would be easier for them to get things done with suitcases full of $ than with bitcoin.

Those are just speculation and conspiracy theories.

[mrcash02]

It's not impossible to happen, but I think if China were banning or regulating Bitcoin even more because of North Korea possible secret financing they would say it...

And if North Korea is really using Bitcoin to finance their shady activities I think USA is aware about it and investigating secretly.
The only chance for North Korea is to resign and stop threatening others, if they don't want to be destroyed.

[ivrynx]

I think this news still needs confirmation, china is a super power already, why would they be threatened of north korea, they are so much advanced in all aspects. There is another reason why china would ban bitcoin and it is not because of north korea. I think there arr people who are just making this up,  it is true that china is protecting its people from scam ICOs, and from terrorist cyber attack, that is why china would want to regulate bitcoin first, and also want to take control of exchanges, sooner or later, we might see china legalizing bitcoin again, and this might be due to the influence of russia, since they have a lot of transactions and agreement with them. I think we should validate this news first. Also i agree with the previous post, north korea have limited access to the internet, its citizens might not know what bitcoin is, and how to do investments, i think all that north korea have is their natural resources. We should do more validation for this news, since china would not just give in to north korea.

[LeGaulois]

Don't take this article seriously.  I am surprised such a looooong and deep article has been published by the NYP
John Crudele is anti Bitcoin and says it's bullshit. If you read random articles from him you will see he usually write a decent length article but when it's about Bitcoin, he writes 3-4 sentences only and brings nothing journalistic, only seeking attention on him.
Here is another example with an article from him related to Bitcoin
http://nypost.com/2017/09/16/bitcoin-fan-isnt-happy-i-said-the-currency-was-a-joke/

[illinest]

Anyone read this article?
Its pretty negative towards bitcoin, calling it "bitcon" but still pretty interesting i thought.

http://nypost.com/2017/09/25/bitcoin-market-may-be-financing-north-korea-after-sanctions/

I've been expecting this FUD storm around North Korea for a while now. The media has been giving us tastes for weeks. First, state-sponsored cyber attacks on Bitcoin exchanges. Then, assertions that North Korea is mining Bitcoin. These types of stories help to create a narrative that associates Bitcoin with criminals and terrorists.

It's no surprise; governments have been pushing this narrative for years now. Fortunately, cryptocurrency is increasingly seen to have legitimate uses by the mainstream and by regulators. It takes time and vigilance to combat the FUD, though.

[yugyug]

That was a baseless statement, China already banning bitcoin long time ago before the time that North Korea participate into bitcoin mining recently this year. This news is not new anymore every year we could read a news about Chinese government banning bitcoin, but still Chinese people do insist, bitcoin is unstoppable and bitcoin is immortal, Hail Bitcoin !

[groko271]

barely a paragraph  which states "maybe" something without explaining anything. What a joke of an article, not one single reference.

[Jose Mourinho]

I do not believe in this issue, I think china banned bitcoin because the worries of bitcoin users are increasing and can threaten the Chinese economy because the government can not control bitcoin.

[sandy rivers]

I do not believe in this issue, I think china banned bitcoin because the worries of bitcoin users are increasing and can threaten the Chinese economy because the government can not control bitcoin.

I even thought the same but the reason china banning bitcoin is because they are in process of creating a crypto currency that is centrally organised by the government.

[pekingcoepo]

Don't take this article seriously.  I am surprised such a looooong and deep article has been published by the NYP
John Crudele is anti Bitcoin and says it's bullshit. If you read random articles from him you will see he usually write a decent length article but when it's about Bitcoin, he writes 3-4 sentences only and brings nothing journalistic, only seeking attention on him.
Here is another example with an article from him related to Bitcoin
http://nypost.com/2017/09/16/bitcoin-fan-isnt-happy-i-said-the-currency-was-a-joke/

really what you say John Crudele is just looking for attention, everything he writes about Bitcoin is mere nonsense. Maybe do not make a new panic by raising such articles, because we still have to be careful in finding valid information about Bitcoin.

[captainhera]

It is hard to understand, can someone explain to me is not
Why is bitcoin banned in China but related and why from North Korea

[Baofeng]

It is hard to understand, can someone explain to me is not
Why is bitcoin banned in China but related and why from North Korea

What has North Korea do in connection with pressuring China? I don't get it. North Korea is isolated already because of its threat to the world. They are even mining bitcoin so that they will survived from all the embargo the West has put up. But North Korea telling China to ban bitcoin? Unlikely. There are reasons that China has turn its backs to bitcoin, but I doubt that it has something to do with North Korea. The article doesn't explain it and I agree that John Crudele is anti-bitcoin so its not surprising he is attacking it. All mainstream media are riding into bitcoin's popularity so no wonder John Crudele is doing it as well.

[Kingofbitcoin12345]

Are we not yet done about china here.. I don't take a wasted time reading some articles that full of nonsense.. We have to be on the positive end now,, enough of negativity,, FUD,, and bad news.. Things going normal as I posted right now and let China do what they want to do and let they're people decide either they like it or not.. Let they're feet fall when they slipped at once a quote for them..

[Immakillya]

Totally base less statement. It's just a clickbait. The writer tryna be genius posting this kind of news which don't have a strong evidences. This makes no sense at all. If China secretly financing North Korea by bitcoin. Then why China is doing crackdowns against bitcoin? The news is bullshit. Pure speculation because the report didn't even bother to look and attach some evidences to prove his claims. The reporter is just one of individuals who are paid for spreading this kind of news. What a shame.

[ragavancoin]

It's not happening first time in china, so don't take that article too seriously I think finally all going favor of Bitcoin, so Bitcoin will back again at china with strongly.

[pooya87]

just another bullshit from someone who failed to do some research before writing something and call it "article".

And I’m wondering if that’s the reason China, which seems to be on board in pressuring North Korea, recently shut down bitcoin markets.

if the author did some research he wouldn't have been wondering about this. he could have seen that their reason is to close an unlicensed business that has been acting shady. and also he could have seen that this is not the first time they did something like this.

additionally they did NOT shut down "bitcoin markets" they closed a number of exchanges and the rest are acting still.

[Persiville]

Don't take this article seriously.  I am surprised such a looooong and deep article has been published by the NYP
John Crudele is anti Bitcoin and says it's bullshit. If you read random articles from him you will see he usually write a decent length article but when it's about Bitcoin, he writes 3-4 sentences only and brings nothing journalistic, only seeking attention on him.
Here is another example with an article from him related to Bitcoin
http://nypost.com/2017/09/16/bitcoin-fan-isnt-happy-i-said-the-currency-was-a-joke/

really what you say John Crudele is just looking for attention, everything he writes about Bitcoin is mere nonsense. Maybe do not make a new panic by raising such articles, because we still have to be careful in finding valid information about Bitcoin.

No its not like that. You can read it and either choose to believe it or not, whether its true or not, maybe it has a point and it does really affect our economy. We cannot avoid that some people will get panic because of this article, true or not, its still depends on how the readers understand it, this is just maybe and that is what he see in our economic state as of right now.

[LouVandetta]

That 'areticle' is really short. It's not even explained anything.
Only speculation, FUD and blah blah. I think that china banning bitcoin has nothing to with North Korea.
Yes, I know that North Korea is a bit in the heat with other countries, especially US.
So something like those FUD will never end.

[josephpogi]

I think this news still needs confirmation, china is a super power already, why would they be threatened of north korea, they are so much advanced in all aspects. There is another reason why china would ban bitcoin and it is not because of north korea. I think there arr people who are just making this up,  it is true that china is protecting its people from scam ICOs, and from terrorist cyber attack, that is why china would want to regulate bitcoin first, and also want to take control of exchanges, sooner or later, we might see china legalizing bitcoin again, and this might be due to the influence of russia, since they have a lot of transactions and agreement with them. I think we should validate this news first. Also i agree with the previous post, north korea have limited access to the internet, its citizens might not know what bitcoin is, and how to do investments, i think all that north korea have is their natural resources. We should do more validation for this news, since china would not just give in to north korea.

I agree with you china is so strong and have power. but i think china ban the bitcoin becuase bitcoin is  not control by any goverment so china banned the bitcoin becuase they want a tax to get from bitcoin. So i think not becuase of northkorea.