Is China still going to ban bitcoin exchange in China

[atulvatsa]

According to the latest news, the Chinese government will likely resume cryptocurrency trading in the upcoming months with necessary Know Your Customer (KYC) and Anti-Money Laundering (AML) systems in place. https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/

[stomachgrowls]

According to the latest news, the Chinese government will likely resume cryptocurrency trading in the upcoming months with necessary Know Your Customer (KYC) and Anti-Money Laundering (AML) systems in place. https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/

Just as expected they would really do such thing. They cant able to completely close exchanges since they know they can able to make money on that and now they are returning but on a regulated way which is somehow a good step by them.It will surely affect crpyto currency prices on this one.Thanks for the link by the way.

[mukeymon]

Will it affect on price of bitcoin on 30 sep

I still do not understand a country like China why it can affect the bitcoin exchange rates around the world .

[aardvark15]

According to the latest news, the Chinese government will likely resume cryptocurrency trading in the upcoming months with necessary Know Your Customer (KYC) and Anti-Money Laundering (AML) systems in place. https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/

Just as expected they would really do such thing. They cant able to completely close exchanges since they know they can able to make money on that and now they are returning but on a regulated way which is somehow a good step by them.It will surely affect crpyto currency prices on this one.Thanks for the link by the way.

I doubt that they can shut all those down so the best thing for them to do is probably regulate the exchanges. China is a huge market for cryptocurrencies and they are so involved that it would be hard to stop it now. I think most Chinese would find ways to buy and hold cryptocurrencies anyway. We'll see what happens, but I don't think they will completely ban them.

[Superways]

There is a chance China would lift the ban. They might be planning something big with this. Considerimg 70% of mines are in China.

We all know this thing very well that China is not like other countries. In fact, China is one of the most developed countries and they know the worth of bitcoin very well. There will definitely be some reason behind banning of bitcoin in China. We can only wait to know the actual intention of China as far as bitcoin is concerned. China can ban it for little more longer.

[jakezyrus00]

will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket

I read a lot of information and news about China's involvement on cryptocurency. I read that they will just going to regulate cryptocurrency in their country but they will come back after it. Maybe they will just fix some sort of things and later on we can welcome again in the cryptocurrency.

[RayDali0]

Not possible to ban it.
There are option for peer to peer
Or other option like selling buying by telegram.

It is good to use other method to try it
Should be fu

[kevpantof]

will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket

I read a lot of information and news about China's involvement on cryptocurency. I read that they will just going to regulate cryptocurrency in their country but they will come back after it. Maybe they will just fix some sort of things and later on we can welcome again in the cryptocurrency.

They will definitely come. I am sure there is nothing in these news or it can be said these news were just to make FUDs. China wants to become super power, everyone knows. And in this era when many economists know better about the future of bitcoins. They know it well, for being super power, international economics is of a vital role. No chance for China to face against bitcoins.

[futile-resistance]

will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket

I read a lot of information and news about China's involvement on cryptocurency. I read that they will just going to regulate cryptocurrency in their country but they will come back after it. Maybe they will just fix some sort of things and later on we can welcome again in the cryptocurrency.

They will definitely come. I am sure there is nothing in these news or it can be said these news were just to make FUDs. China wants to become super power, everyone knows. And in this era when many economists know better about the future of bitcoins. They know it well, for being super power, international economics is of a vital role. No chance for China to face against bitcoins.

Chinese are the sharp minded people and they know about the advantages of bitcoin and most probably by seeing the progress of bitcoin they will decide that to remove the ban and this will bring more pleasant air for the bitcoin investors in china and Chinese knew very well that bitcoin is the leading path which leads toward the economic stability and development.