China Will Likely Resume Cryptocurrency Trading by Licensing Bitcoin Exchanges

[Bitcoin Guy]

Be ready for this reversal.  It may happen sooner than you expected.

https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/

As I have mentioned in other posts before, the ban from China should be only temporary.  Once they figure out how to regular the crypto market, they will disban the exchanges (provided that the exchanges get proper license).

China is not stupid enough to exclude itself from the crypto ride.  Also, a long term ban will damage its status and reputation in the financial market.

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[player514]

Be ready for this reversal.  It may happen sooner than you expected.

https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/

As I have mentioned in other posts before, the ban from China should be only temporary.  Once they figure out how to regular the crypto market, they will disban the exchanges (provided that the exchanges get proper license).

China is not stupid enough to exclude itself from the crypto ride.  Also, a long term ban will damage its status and reputation in the financial market.

I saw this article and I was intrigued. Seems like China was toying around with the markets just to see their power in crypto. They're going to want to regulate this game that a lot of their citizens are playing. I could see taxes being implemented in some form on these licensed exchanges, however.

Regardless, the moment when China licenses a couple of these exchanges, the price will rise.

[Voice-Of-Reason]

And we will welcome them back!

[DaMut]

that is why whenever i found a thread said 'what will happen with Bitcoin if China ban it forever'.
i always say,do not think too much my friend.
no matter what will happen,in their eyes Bitcoin is like a hidden Gem.
they did it in order to get it more,and with that they can push their financial.
it's an organized move and if i remember it correctly it's not their first time did that right ?
chinese will allow it again in the future,but every exchanger will be regulated by them.
after that we will see another drama again created by them with different topic.

economy cycle.

[soham]

Be ready for this reversal.  It may happen sooner than you expected.

https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/

As I have mentioned in other posts before, the ban from China should be only temporary.  Once they figure out how to regular the crypto market, they will disban the exchanges (provided that the exchanges get proper license).

China is not stupid enough to exclude itself from the crypto ride.  Also, a long term ban will damage its status and reputation in the financial market.

It's too good to be true. If it happens, the crypto currency market will start receiving huge investments from Chinese traders and investors and as a result, the price will go up for almost all the cryptos. China did not ban crypto currency ever, they just banned the ICO route of raising funds and also the exchanges in fear of money laundering. If they start giving away proper licenses to the exchanges, it will be a huge boost for crypto market worldwide. Positive for us no doubt.

[BitSat]

Be ready for this reversal.  It may happen sooner than you expected.

https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/

As I have mentioned in other posts before, the ban from China should be only temporary.  Once they figure out how to regular the crypto market, they will disban the exchanges (provided that the exchanges get proper license).

China is not stupid enough to exclude itself from the crypto ride.  Also, a long term ban will damage its status and reputation in the financial market.

It's too good to be true. If it happens, the crypto currency market will start receiving huge investments from Chinese traders and investors and as a result, the price will go up for almost all the cryptos. China did not ban crypto currency ever, they just banned the ICO route of raising funds and also the exchanges in fear of money laundering. If they start giving away proper licenses to the exchanges, it will be a huge boost for crypto market worldwide. Positive for us no doubt.

Currently this region is very good for bitcoin and altcoins because many countries creating soft policies for this and its giving more confidence to peoples for big investments just too many ICO's creating problems if they regulate them hope this could be more helpful as Japan and Taiwan already doing if China also regulate its rise demand of these and give very handsome return of investment

[dothebeats]

Reversal after they've seen that bitcoin is going along pretty well even without their petty dramas and interference. If this happens to be true, it will prove to the world that what happened was an orchestrated FUD for some people to benefit when everyone is uncertain what would happen to the coin's price without China. Trading will resume, so most likely it will be another pump on the price and might reach a new ATH this time.

I hope that China would come up with some serious regulation with the trading scene and not another bluff just like what they did in the past years.

[Merovius]

  Once they figure out how to regular the crypto market, they will disban the exchanges (provided that the exchanges get proper license).

Perhaps you meant "regulate"; I do not think that "regular" is supposed to be used as a verb.

[carlfebz2]

Reversal after they've seen that bitcoin is going along pretty well even without their petty dramas and interference. If this happens to be true, it will prove to the world that what happened was an orchestrated FUD for some people to benefit when everyone is uncertain what would happen to the coin's price without China. Trading will resume, so most likely it will be another pump on the price and might reach a new ATH this time.

I hope that China would come up with some serious regulation with the trading scene and not another bluff just like what they did in the past years.

For sure they would learn now regarding on their previous steps on last month they do believe that they can able to succeed by just making any other fuds and now they do see that bitcoin isn't really affected at all. Community doesn't really care at all on what are the steps they are making.This is how strong the bitcoin community is and a single country don't have the power to bring it down.For now they would decide to go with the flow.

[Harrisonimo]

Be ready for this reversal.  It may happen sooner than you expected.

https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/

As I have mentioned in other posts before, the ban from China should be only temporary.  Once they figure out how to regular the crypto market, they will disban the exchanges (provided that the exchanges get proper license).

China is not stupid enough to exclude itself from the crypto ride.  Also, a long term ban will damage its status and reputation in the financial market.

Hmmn... Really interesting! I smile. Whatever reasons they had to pull out in the first place has sure really been forfeited or better still achieved if it was a test on their part. They really have seen that the Bitcoin is no longer within their manipulation reach. This had a little effect though but Bitcoin has been bouncing back without them. Bitcoin has been a tool or birthed from their end area but now knows no holds/barrier!

[haroldtee]

It is even funny why we give China too much preference. Probably that is the reason they have always felt they can use their position to manipulate the market with their planned FUDs. I guess it is high time they realised that bitcoin waits for no country and cannot be controlled. It is never too late to still join the moving train anyway. They must have learnt their lessons now cause this ain't 2013.

[akamit]

Reversal after they've seen that bitcoin is going along pretty well even without their petty dramas and interference. If this happens to be true, it will prove to the world that what happened was an orchestrated FUD for some people to benefit when everyone is uncertain what would happen to the coin's price without China. Trading will resume, so most likely it will be another pump on the price and might reach a new ATH this time.

I hope that China would come up with some serious regulation with the trading scene and not another bluff just like what they did in the past years.

I agree with you.

After seeing that cryptocurrency is moving very well without them after their ban news, Now they decided to enter crypto world again with a new approach (Regulation).

Whatever it is, if China involves or doesn't involves in crypto world, it will move on without any hesitation.

Crypto world now is like a engine which has been started for lifetime and it won't stop, never!

But the more engagements from more countries will make crypto world better & better.

[Wigo17]

The Chinese government only likes to monopolize and centralize everything.

[gentlemand]

This has been much theorised. I don't really see why they'd bother.

If they're concerned about capital flight then whatever crypto they permit to trade can't be allowed in or out of their exchanges. If they're actually concerned about criminality then they may as well keep everything shut, come down further on OTC and P2P and then push it to the absolute fringes.

[rifiuti]

Be ready for this reversal.  It may happen sooner than you expected.

https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/

As I have mentioned in other posts before, the ban from China should be only temporary.  Once they figure out how to regular the crypto market, they will disban the exchanges (provided that the exchanges get proper license).

China is not stupid enough to exclude itself from the crypto ride.  Also, a long term ban will damage its status and reputation in the financial market.

Two words for your eyes only; National. Congress.

[pinkflower]

China should stick to their guns and ban BTC. If they decide to lift the ban and regulate it, that surely will be taken as sign of weakness or a sign that BTC indeed is unstoppable.

But even with the Chinese ban, BTC would still be unstoppable. They are inbetween a rock and a hard place. They are damned if they do and damned if they dont.

[rcoins0720]

this is what like I say in other thread like these about the china ban thingy............
the china I think is experimenting in how the digital currency works and behave in charts and also on how they can manipulate the price value of it
if that so they will regulate it then it will be good strategy for them country economy growth

[lucifochrome]

Ha, thought this might happen sooner or later, china's market is so big and most of the chinese businessman are using bitcoin to transact. The move of china banning bitcoin in my opinion was just to test out how their market will react and check the grasp of their power. Chinese government may have wanted to control bitcoin but since can't be controlled they just have to manipulate it. Now i see high taxes in trading and in every transaction. The government will make sure that they make a huge profit out of it.

[RayvenPierre]

This looks like they already reached the profit margin they wanted that's why they will be resuming their ICO activities. It seems like they really just planted FUD to buy at a low price and looks like the Chinese government will try to manipulate bitcoin once they issued licenses to ICOs.

[0t3p0t]

Be ready for this reversal.  It may happen sooner than you expected.

https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/

As I have mentioned in other posts before, the ban from China should be only temporary.  Once they figure out how to regular the crypto market, they will disban the exchanges (provided that the exchanges get proper license).

China is not stupid enough to exclude itself from the crypto ride.  Also, a long term ban will damage its status and reputation in the financial market.

That could possibly happen sooner or later. I know that they are planning something good now like regulating exchanges and ICO's to prevent any problems with it's citizenz. China is a mighty nation in terms of business and there are large number of investors there that plays important role in the crypto community. I don't think they will still implement a total ban on crypto in the future because as what you have said it will damage it's reputation in the financial market. I think they are only ensuring people's safety before going to the game of crypto's. For me I am in favor of this move by the government just to make sure this exchanges and projects will not just hit and run without any sanctions. Price will skyrocket again when that happens. And I know that one day other countries Such as Japan and Taiwan would do the same as what China did to crypto's.

[jseverson]

Hasn't this been confirmed a while ago? Still, once this happens, I would bet we would reach new highs.

It is even funny why we give China too much preference. Probably that is the reason they have always felt they can use their position to manipulate the market with their planned FUDs. I guess it is high time they realised that bitcoin waits for no country and cannot be controlled. It is never too late to still join the moving train anyway. They must have learnt their lessons now cause this ain't 2013.

Nobody's giving China any preference. They can use their position to manipulate the market because they can use the massive number of their population to create leverage. I wouldn't be surprised if the dip to $3000 was caused by Chinese holders panic dumping alone. We're eager to welcome them back, because those panic dumpers are going to want to get in on the action again, driving the price up.

[cwarloe]

Be ready for this reversal.  It may happen sooner than you expected.

https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/

As I have mentioned in other posts before, the ban from China should be only temporary.  Once they figure out how to regular the crypto market, they will disban the exchanges (provided that the exchanges get proper license).

China is not stupid enough to exclude itself from the crypto ride.  Also, a long term ban will damage its status and reputation in the financial market.

So, what does getting ready look like?

[centralbanksequalsbombs]

HAHA China is irrelevant! China or any country's government for that matter should all go ahead say bitcoin is illegal and it will do nothing. In fact they might as well all say bitcoin is legal and that will do nothing.
Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter.

Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.

And it has become clear that...
Bitcoin CANNOT be controlled.

Bitcoin cannot be made legal. Governments may still attempt to do so.

Bitcoin cannot be made illegal. Governments may still attempt to do so.

Central banks already control and manipulate Stocks, Real Estate, Gold, Interest Rates. They have no such domination on Bitcoin and wont.


On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago.

Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses

Bitcoin, systemically, is free from these burdens.

Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list:
https://bitcointalk.org/index.php?topic=1853019.0

CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping

https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/

[ipanks]

Be ready for this reversal.  It may happen sooner than you expected.

https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/

As I have mentioned in other posts before, the ban from China should be only temporary.  Once they figure out how to regular the crypto market, they will disban the exchanges (provided that the exchanges get proper license).

China is not stupid enough to exclude itself from the crypto ride.  Also, a long term ban will damage its status and reputation in the financial market.

many people in china will be happy if they know that china government decide to ban for temporary because they can continue to do trading again. and i am agree that every exchanges in china should have license to run the sites so their people will feel safety when they are trading in that sites. i also don't thinking that china will be ban forever because china have big passion to the crypto currency world and they see that the crypto world can solve the people economic and financial.

[Herbert2020]

since China never banned bitcoin, altcoins and they never banned "trading" them. and instead they banned exchanges, that means they have nothing against trading nor against cryptocurrencies. consequently they will regulate the exchange, probably put some taxes on them too and then let them open up again. it is even possible new exchanges start with better options.

[oegarod]

Already it has regulated the use of bitcoin through the exchanges. Very few has been provided with the licensing and even with that exchanges made fake volumes to generate more capital trading volume. This too came to an end when the inspection was made by one among the banking authority of China.

[nareshrohra]

But, it is not clear what will happen to BTCChina & Via BTC. Will they continue operation for Chinese users with the new regulations or stick with their plan to shutdown for local users

[Miguecy]

Why they say that china's will banned cryptocurrencies?

[Juggy777]

Be ready for this reversal.  It may happen sooner than you expected.

https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/

As I have mentioned in other posts before, the ban from China should be only temporary.  Once they figure out how to regular the crypto market, they will disban the exchanges (provided that the exchanges get proper license).

China is not stupid enough to exclude itself from the crypto ride.  Also, a long term ban will damage its status and reputation in the financial market.

Surprise surprise who's here the Chinese are back with a new twist, all the stupid drama just to regulate the Bitcoin exchange, all they could have done it without the drama, it's no surprise, that they have done it only to reduce the price and now they realize that their economy is slowing down and it's about time to fix it and then they decided what better way with bitcoin, I do hope they don't get much share again, they irritate a he'll lot.

[Patatas]

Be ready for this reversal.  It may happen sooner than you expected.

https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/

As I have mentioned in other posts before, the ban from China should be only temporary.  Once they figure out how to regular the crypto market, they will disban the exchanges (provided that the exchanges get proper license).

China is not stupid enough to exclude itself from the crypto ride.  Also, a long term ban will damage its status and reputation in the financial market.

This isn't the first time someone will try to regulate bitcoin supposedly with an 'operating license'.Remember BitLicense ? Licensing is a business in itself.I kid you not china will be making through licenses if they pass that rule.Although is not likely to happen but it's too early to predict anything

Surprise surprise who's here the Chinese are back with a new twist, all the stupid drama just to regulate the Bitcoin exchange, all they could have done it without the drama, it's no surprise, that they have done it only to reduce the price and now they realize that their economy is slowing down and it's about time to fix it and then they decided what better way with bitcoin, I do hope they don't get much share again, they irritate a he'll lot.

Yes!! What do you expect from a country that indirectly promotes communism ?

[ivrynx]

I hope there is truth to this news and its not just something to pull our strings,  i hope there's alrrady a clatification behind this, because if china just resume its exchanges and not legalized bitcoin again, there would br a conflict, i think first thing china must to is legalize back bitcoin so other cryptocurrencies would follow. We are all keeping an eye on china, hopefully this news is legit and will help bitcoin increase its value further, and not only that, this will also prove all the naysayers, during the time when china shutdown its exchanges, and will help disprove their claims that bitcoin is fraud, and of no value.

[Pursuer]

this is what have been telling everyone a couple of months ago when the China FUD started. there is a pretty good chance it has always been about regulation and taxes. their announcements are also confirming this assumption of mine.
and also their previous actions support this. this is not the first time they closed down exchanges. and each time they regulate them a little more. it seems like they have some trouble getting them in line. which is why it takes a longer time and more work.

[Denker]

Be ready for this reversal.  It may happen sooner than you expected.

https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/

As I have mentioned in other posts before, the ban from China should be only temporary.  Once they figure out how to regular the crypto market, they will disban the exchanges (provided that the exchanges get proper license).

China is not stupid enough to exclude itself from the crypto ride.  Also, a long term ban will damage its status and reputation in the financial market.

Pure speculation so far.
There's nothing of any substance in that article.
As long as there is no official statement by PBOC you can't know what they are going to do with the exchanges and their mining industry.
China has changed it's opinion so often, they play the market whenever they can and see a need to do so.
My advice: don't give that guys that much attention!
Japan will be the new big player, followed by South Korea!!

[yishak]

So what? Aren't we all tired of China controlling the cryptocurrency market? I personally don't want China to unban bitcoin exchanges. I don't want them to toy around with the market its better if they stay out of this. We don't need China to make bitcoin's price go up . Bitcoin has reached $4380 without China's help and I believe it will continue making a steady growth.

[13abyknight]

Saw this coming weeks ago when China was looking into other things they could do and miserably failed with the idea. It was almost evident that this would be the final outcome as trying to eradicate Bitcoin trading by shutting down exchanges was not at all feasible and users would still find loopholes around. Either ways, this is typical scenario of getting enough FUD going for the price to drop by quite a lot and using this time window to buy in. I have to say I'm impressed with China's cards here, they've pulled off a quick one and would've profited in the millions.

[Yaunfitda]

So what? Aren't we all tired of China controlling the cryptocurrency market? I personally don't want China to unban bitcoin exchanges. I don't want them to toy around with the market its better if they stay out of this. We don't need China to make bitcoin's price go up . Bitcoin has reached $4380 without China's help and I believe it will continue making a steady growth.

Yes, we are really tired and we don't want any negative news coming from them. If they decided to come back then good, if not no problem. We have overcome the situation already and we are seeing a nice growth since they left already. They can't really stop bitcoin if that is their plan. And the one that are really hurting from their decision is the Chinese bitcoin community itself. By now I will take everything with a grain of salt every news coming from them regarding bitcoin.

[jech1028]

China is just an FUD. They just want to buy bitcoin in low price. China is Smart.

[Marileno]

This makes a lot of sense to me. All governments want is control and being able to regulate this space is certainly on all their minds right now. One of the major factors is all the tax revenue they miss out on while it is unregulated. That said though, the inner working of the Chinese government are a mystery to most so who knows what they will do. Other countries are more likely to take this route faster imo

[yugyug]

China are try toying us , they test the water what would be the outcome for what ever intention they may have all i can say is they failed. Bitcoin community doesn't care any conflict about China agains bitcoin. People now already learned a lesson and besides, Japanese with arms wide open,welcomes bitcoin ready to embrace if ever China are trying to kick-out bitcoin out of their territory. China's influence has a lesser impact than before although they hold the largest bitcoin supply but it is useless if not circulated worldwide, they have the supply but their demand is less, the largest demand are outside China, Japan and South Korea are the two largest bitcoin adaptor in the world today and Japan could be the next largest bitcoin mining firm, some Japanese semiconductor companies are now beginning to produce mining hardware twice as fast and efficient than China's Bitmain mining hardware.

[Lucius]

China is only tries to regulate the crypto market in the best possible way to prevent money laundering and illegal withdrawal of money from the country.If they manage to implement measures which will enable them to have control on market(exchanges) they will probably allow to game start again, but this time by their rules.I never thought they could totally ban it,big money is in this game.With all the potential which this industry has it would be really unreasonable to stay sideways.

[talkbitcoin]

China and bitcoin are inseparable. or at least it looks like it.
bitcoin is being used a lot more than the government can do anything about it and stop it. so the only option that is left for the government is try and take as much control back as they can.
they do it through regulating the exchanges and trying to put them on leash so they can control the flow of money in and out of them and watch it closely for money launderers.
it happened before and it will happen again.

[audaciousbeing]

Be ready for this reversal.  It may happen sooner than you expected.

https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/

As I have mentioned in other posts before, the ban from China should be only temporary.  Once they figure out how to regular the crypto market, they will disban the exchanges (provided that the exchanges get proper license).

China is not stupid enough to exclude itself from the crypto ride.  Also, a long term ban will damage its status and reputation in the financial market.

I had known this is what will happen eventually and that is why there is no official statement from them concerning the ban. What j think sent some warnings to them was because the moment the rumor was going round, it was equally creating another opportunity for countries like Japan and South Korea ready to fill the gap created by their proposed exit even before announcement. That alone is enough to make them have a change of heart.

Another is looking at the future because the moment they are able to lose the number 1 spot finally, its never coming back to them and bitcoin is not stopping so not to sound hypocritical, they had to come with more spinning of regulations which we all know was not the plan initially.

[matuson]

It seems to me that it is too early to rejoice. If the Chinese government will start to control the cryptocurrency market could lead to falling prices. We understand that this is done in order to take taxes. Accordingly, increasing the price of mining. The rise in the price of the transaction. Many negative consequences of this step can be. They will definitely affect the price.

[mobnepal]

They might issue new type of trading license for bitcoin exchanges which will have many requirements and restriction. Big banks and relatives of government officer will get those licenses and entrepreneurs will be left behind.

Chinese government is losing so much in taxes because of peer to peer trading so all this chaos they have created by banning bitcoin trading platform is just their strategy to buy some cheap bitcoins and issue license to their relatives and big banks.

[severaldetails]

I don't think that bitcoin has a problem with China as long as it is not concentrated there.
Last year a large majority of the trades were made in exchanges based in China, that is not good for a currency that is based on decentralization.
But if they have no exchanges at all, we miss the opportunities their market brings.
After all, the only thing chinese government can regulate are the exchanges in China.
And if the importance of chinese exchanges is small, the influence of chinese government is small as well.

[xianbits]

Be ready for this reversal.  It may happen sooner than you expected.

https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/

As I have mentioned in other posts before, the ban from China should be only temporary.  Once they figure out how to regular the crypto market, they will disban the exchanges (provided that the exchanges get proper license).

China is not stupid enough to exclude itself from the crypto ride.  Also, a long term ban will damage its status and reputation in the financial market.

This is a very great news. So China has now realized that they can't really control crypto trading since there are those who do it peer-to-peer. Good thing they have thought of the KYC and AML systems which can prohibit illegal/criminal acts related to bitcoin rather than totally banning everything. For sure, the price will skyrocket anytime soon.

[salihno71]

China will probably try to tax the transactions in some way, maybe trough additional fees on the exchanges. They generally like to control whatever happens on their turf so this is no exception but on the other hand they don't want to fall behind by completely banning any trade. It looks like someone is really paying a close attention on the topic in chinese government.

[Almat]

That's excellent. I read somewhere that a lot of Chinese holders dumped when they heard the news of shutting down exchanges. This means it's very likely of them to buy back in. Time to get back to $5000!

[Rinder]

All people had received the ban of exchanges and ICO as China were against bitcoin and crypto, but the real thing is they only stoped those for a while to legalize all companies involved into the crypto world, soo we can assume they had a huge impact at the price, soo maybe we will see a wave of demand for bitcoin once those exchanges back into the market.

[Freezingel]

Thought that this will happen, but way earlier than my prediction. I thought they will allow exchange to operate again by 2018. Bitcoin is huge in china there's no way they will throw that away.

[luffy7]

Great. Now more China people will believe and use bitcoin more. People are afraid of unregulated stuff. To da moon!

[Barcode_]

This shows that even the 2nd largest economy country in the world can't stop bitcoin in any way, banning crypto-currenices exchanges operating in china is just a bad decision made by the Chinese government, and they realize their citizens are still able to purchase and trade crypto-currencies in other ways, so it is still a better idea to regulate the crypto-currencies exchanges and allow them to operate legally in China.

[tundexijim]

True, I know China will surely come back.

[Md Saad]

I think so, they had an intention to regulate the cryptocurrency sector. but a lot of people have left due to this reason. but China has to come back this platform for the sake of their population. I think Chine will surely come back to this platform in the near future.

[dothebeats]

That's excellent. I read somewhere that a lot of Chinese holders dumped when they heard the news of shutting down exchanges. This means it's very likely of them to buy back in. Time to get back to $5000!

Or maybe the other way around.

Most big names on Chinese probably held and just added more fire to the burning mess that was the FUD on Chinese exchanges. They were indeed successful on causing a massive price dump from uncertain holders, and have now accumulated enough to pump the price to higher highs again. Also, isn't it shady that after everything is going well, these Chinese regulators comes back and wants to "reconsider" their decisions? Pretty cool huh?

[cpfreeplz]

I love how people say crap like "China feels like..." or "China doesn't want to miss out..." you do know that you're talking about a country right? They don't all blindly buy and sell bitcoins in China. There are a lot of users but that doesn't mean the country as a whole gives a crap.

[buwaytress]

Of course, everyone will now be coming out to say they knew this all along, even though the weeks of selloffs would seem to indicate that the power of rumour still outstrips that of news in trading. At any rate, the Chinese authorities stands to benefit from moving down this path in several ways. First, they could have smoked out the ones they were really after in trying to mitigate capital flight. Second, they can learn immediate lessons from neighbour Japan's already ongoing regulation of exchanges. Third, they will come to learn a lot more about crypto and mining from their discussions and negotiations with these stalled companies. Wins all around, but probably already priced in buy those who bought the dip.

[Svelto]

Thank you for sharing this piece of good news. This is what I am expecting too. Why shall the China government ban crypto currencies, it is a lucrative business. Once the exchanges are regulated, China can monitor and control its residents easier and earn more from taxes.

[Vikingr]

I don't think that bitcoin has a problem with China as long as it is not concentrated there.
Last year a large majority of the trades were made in exchanges based in China, that is not good for a currency that is based on decentralization.
But if they have no exchanges at all, we miss the opportunities their market brings.
After all, the only thing chinese government can regulate are the exchanges in China.
And if the importance of chinese exchanges is small, the influence of chinese government is small as well.

They will be welcomed by the bitcoin community they banned bitcoin on the serious concerned and the problem they were suffering and as all of them are sorted out they will like to continue because they know about its world they admit the importance of world and their rejoin will also give benefit to the bitcoin and prices will go up more and this will bring a good time for investor.

[sublime5447]

Bitcoin can be shaken by a country just like what the Chinese government did yesterday but Bitcoin proved to have market power and showed a very good recovery because it's back to $ 4500, so it's not impossible for them to just want to test Bitcoin. they are worried about their citizens because many of them are involved in this field and Bitcoin can also boost their citizens' economy.

[pearlmen]

Bitcoin can be shaken by a country just like what the Chinese government did yesterday but Bitcoin proved to have market power and showed a very good recovery because it's back to $ 4500, so it's not impossible for them to just want to test Bitcoin. they are worried about their citizens because many of them are involved in this field and Bitcoin can also boost their citizens' economy.

I cant imagine a country losing out on the amount of revenue that will paid as taxes and licences renewal by the exchange sites on an annual basis just because they are lacking in their own responsibility. The Chinese government have seen this and just to announce the tightening of the current laws surrounding bitcoin and crypto-currency. With the exchange sites also agreeing to some conditions, everyone leaves the table happy without the need to ban anybody for running his business.

[Lieldoryn]

I do not understand why the news that China will not ban bitcoin should rejoice. This is the Chinese problem. The market has shown that with China or without it, bitcoin remains a currency of number one. Can I trade currency in Japanese markets. I don't care who makes money on it. If China do not need money may prohibit.

[Lipe490]

I was sure that this ban would be temporary and regulatory only. China would never fail to lose its share of crypto-coins and price manipulation. And after Japan licensed 11 new exchanges after the
ICOS ban was announced, China must have felt pressured to go back on their decision. Meanwhile we know that China's crypto investors never stopped investing on ICO because in the end, the
announcement was only political. They will keep manipulating prices and whales will keep investing strongly.

[darthmaul]

Be ready for this reversal.  It may happen sooner than you expected.

https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/

As I have mentioned in other posts before, the ban from China should be only temporary.  Once they figure out how to regular the crypto market, they will disban the exchanges (provided that the exchanges get proper license).

China is not stupid enough to exclude itself from the crypto ride.  Also, a long term ban will damage its status and reputation in the financial market.

Yeah all the hype again and I don't know who cares about that really. It is so stupid to think about the bitcoin and china relation anymore. Just imagine man the bitcoin has crossed the 5K USD prices in no time and that too without china, that clearly states who cares if the china is involved or not. Why anyone would really care now, and I'm not sure why people keep opening a topic based on the china in first place. ;-)

[hitrawal91]

I read the article given at the provided link and it is really well written. I knew that Big economy like china is banning the bitcoin exchanges only for short term and they will return back strongly by supporting the Exchanges by giving them proper licenses and rules & regulations for business purposes. It will be a good positive sign and bitcoin prices will boost, once the china provide the green signal to the Bitcoin exchanges. Came to know from sources that China will generate and regulate its private coin soon.

[jekjekman]

Be ready for this reversal.  It may happen sooner than you expected.

https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/

As I have mentioned in other posts before, the ban from China should be only temporary.  Once they figure out how to regular the crypto market, they will disban the exchanges (provided that the exchanges get proper license).

China is not stupid enough to exclude itself from the crypto ride.  Also, a long term ban will damage its status and reputation in the financial market.

Exactly to what I am thinking first time I knew about Chinese government banning Chinese cryptocurrency exchanges, they just want to put a tax on it to make a profit out of it because their government know they have the biggest cryptocurrency mining industry in the whole world and a big sum of money online is trading to this exchanges by their citizens.

Chinese people are too smart to find another way to access different non Chinese cryptocurrency exchange so it is not a problem to them and that is why the price of Bitcoin is now going strong because of them are not scared about this regulations of their very own government.

[Bitcoin Guy]

Bitcoin is at $5300ish now.  Read this article to see why.

https://www.cnbc.com/2017/10/12/bitcoin-price-record-high-above-5000.html

[patt0]

Yes the ban has to be temporary, not really because of it's reputation on the financial market, but simply because it's useless to try to ban bitcoin. The only thing they will achieve with this, will be to send bitcoins users to the dark market, and they will completely lose track of what their citizens are doing. They have billionaires that buy peaces of art, send them to Europe so they can be sold there, and the money is then deposited in a bank account there.
If people can do that with art, they will do the same with bitcoin, either it's banned or not, so it's better for them to try to keep it in sight.

[jerrison]

it is indeed necessary for china to resume cryptocurrency trading as it also stands as one of the major pioneers of the crypto currrency pioneers in the globe and it gives the blockchain technological institution more confidence

[darklus123]

Be ready for this reversal.  It may happen sooner than you expected.

https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/

As I have mentioned in other posts before, the ban from China should be only temporary.  Once they figure out how to regular the crypto market, they will disban the exchanges (provided that the exchanges get proper license).

China is not stupid enough to exclude itself from the crypto ride.  Also, a long term ban will damage its status and reputation in the financial market.

China always plays its part in this game. It seems that all those banning was just a part of their long term view's or plan for digital currency. Now that they already figured things out. Confidently they are going back to the market.

Also, a long term ban will damage its status and reputation in the financial market.

Agree. In the first place they can't afford to let the opportunity to just pass by. I bet they are losing millions on their finance after banning the huge exchanges for awhile

[notyours]

This is my thoughts. Because I know many do not agree that this will be implemented. It may be the only person who wants to knock out the bitcoins and try to sell its holders. They can buy cheap bitcoins and of course the price increases when the so-called whales enter. And now there will be panic buying that will result in price increases.

[poplolnman]

Bitcoin can be shaken by a country just like what the Chinese government did yesterday but Bitcoin proved to have market power and showed a very good recovery because it's back to $ 4500, so it's not impossible for them to just want to test Bitcoin. they are worried about their citizens because many of them are involved in this field and Bitcoin can also boost their citizens' economy.

yeah it's just doesn't makes any sense when a superpower country like china who have big influence in cryptocurrency world leaving , it has a lot of benefit for them to keep developing cryptocurrency especially when the miner mostly come from there where the electricity cost far so low compared to any other country. they would do anything to survive . and here we go , they are rumoured to be back and not surprising actually.

[audrey12]

Well I guess China realize now that crypto currency is now the new money of the people and whether they like it or not the adaptation will likely to happen soon. I think in few more years bitcoin will become well known global currency that can be used without the need of converting them into fiat.

[pat4cryptoreal]

All what china is looking at is to have a portion in what so ever profit their citizens are making from bitcoin business and also reduce the rate of scammers that are running ICO.

[Bitcoin Guy]

Agree. In the first place they can't afford to let the opportunity to just pass by. I bet they are losing millions on their finance after banning the huge exchanges for awhile

They are missing all the potential corporation taxes that they can collect from these exchanges.