Is China making a U-Turn with Huobi?

[Maestro75]

After banning ICOs and cryptocurrency, is the Chinese government now having a change of mind by reestablishing Huobi to start operations again? I read this online somewhere lately.

[herehero]

Until now, the CN GOV unequivocal opposition the Cryptocurrency, and baned all kinds of cryptocrrency trading in public.

People only can trade face to face, it is legal.

[h0lybyte]

There are no certain news from china government where it clarifies their change of mind on reestablishing Huobi operation.
To be sure, this decision has not been explicitly stated by china government, however people in china are expecting one of the major bitcoin exchanges to be operational soon after getting licensed by authoritatives.

[nidacoinlove]

It seems like China is now making ways to setp back into cryptocurrency with some new strategy. Though the Chinese officials has not disclosed it directly yet but giving a green signal to an exchange for starting operations in China indicates the intentions of the Chinese government towards the future of bitcoin and cryptocurrency. Let's see what is Chinese government up to this time.

[Gozie51]

The Chinese government has always known that they have what it takes to be reckoned with in cryptos. I don't think there initial ban on icos was total. It was meant to wade off nonchalants and to sanitize the business. Thus, I still evison a form of regulation in disguise coming up at the long run.

The crypto have come to stay waiting for any government or persons to grab. We are watching the atmosphere.

[malikusama]

After banning ICOs and cryptocurrency, is the Chinese government now having a change of mind by reestablishing Huobi to start operations again? I read this online somewhere lately.

Of course they have taken a sharp u-turn because they failed to do what they want to. Cryptocurrencies and bitcoin are unstoppable, countries have realized it now and they are accepting this reality.

[criz2fer]

After banning ICOs and cryptocurrency, is the Chinese government now having a change of mind by reestablishing Huobi to start operations again? I read this online somewhere lately.

Of course they have taken a sharp u-turn because they failed to do what they want to. Cryptocurrencies and bitcoin are unstoppable, countries have realized it now and they are accepting this reality.

With the volume they left last few months, I think the market will rise again. Imagine their exchangers to operate again, this will be another history to be written in the cryptocurrency world. Bitcoin will be unstoppable before the year ends

[aoluain]

yes all this would be great news for sure,
but unless you can provide evidence or links it is just hearsay and speculation.

I just did a quick google search and cannot see anything about this?

[EXtremeAEX]

I just did a quick google search and cannot see anything about this?

Currently it is still just a rumor, probably started on Reddit. They have Tether, though.
https://www.reddit.com/r/NEO/comments/78pkfc/huobi_to_reopen_on_26th_october/

If you want official news, check this: https://www.huobi.pro/notice/

China just wants to ban Bitcoin so that they can have more control over the citizen's money, and Bitcoin have the potential to even replace their currency in their daily transactions. Also, they can't just do what they want and ban Bitcoin entirely.

Bitcoin is international, and I am sure other countries will have some say (US), and even their own citizens. Hope Bitcoin can make a comeback soon  

[innocent93]

After banning ICOs and cryptocurrency, is the Chinese government now having a change of mind by reestablishing Huobi to start operations again? I read this online somewhere lately.

In China everything is complicated so, considering the issues with Russia, Turkey and North Corea, i don't think that they have had changed their position related to crypto currency. The future of crypto in China is insecure, but there is always India, for example where the chines people with lot of bitcoin can go to make tradings and so on. I don't know what is the China's politics related to traveling outside the „empire”, but i think this represent a solution for the situation out there.

[BitcoinMarshal]

After banning ICOs and cryptocurrency, is the Chinese government now having a change of mind by reestablishing Huobi to start operations again? I read this online somewhere lately.

Of course they have taken a sharp u-turn because they failed to do what they want to. Cryptocurrencies and bitcoin are unstoppable, countries have realized it now and they are accepting this reality.

Now they are realizing they cannot stop this because now its spreading very quickly just because of this now working on bring this all in legal framework and avoid scam ICO's for public safety hope we have good news in near future about this all

[krauzzer02]

Yes it may be temporary ban for the bitcoin in exchanges and ICO because the china failed with the expectations that bitcoin will crash whenever they bans it. it only proves that they have a hidden agenda why they did the banning beside the reasons of money laundering, scamming and criminal activities, well they can just impose an exchange or local coinbase that is centralized to impose such tax, fees and to prevent unlawful acts to use bitcoin.

[Nameless27]

After banning ICOs and cryptocurrency, is the Chinese government now having a change of mind by reestablishing Huobi to start operations again? I read this online somewhere lately.

This is just a decoy and a confidence booster again on they’re bitcoin community as they failed tremendously last September after rumors and news of banning ICO and closing exchanges. I don’t think they really change they’re planning of replacing/controlling the cryptocurrency market. A new one will occur this end of the year or next year. China will keep on trying until they can feel satisfied but those days/years will not come easy because those investors like us will not allow them.

[blockman]

After banning ICOs and cryptocurrency, is the Chinese government now having a change of mind by reestablishing Huobi to start operations again? I read this online somewhere lately.

They already stated it before that after the election they might remove the ban of ICOs and they did never banned cryptocurrencies in their country. This thread https://bitcointalk.org/index.php?topic=2319373.0 tells that huobi is going to operated again. And I think that's enough proof that they will start to have trading actions again that's why the ban before was just temporary so we will see them(Chinese) again to manipulate the bitcoin economy or if not they jumped into another alt coin.

[criz2fer]

After banning ICOs and cryptocurrency, is the Chinese government now having a change of mind by reestablishing Huobi to start operations again? I read this online somewhere lately.

This is just a decoy and a confidence booster again on they’re bitcoin community as they failed tremendously last September after rumors and news of banning ICO and closing exchanges. I don’t think they really change they’re planning of replacing/controlling the cryptocurrency market. A new one will occur this end of the year or next year. China will keep on trying until they can feel satisfied but those days/years will not come easy because those investors like us will not allow them.

I think they will use the blockchain technology by themselves. It more better that way because of their big population in their society, they can balance the movent of the monetary of thier country which blockchain was design for.

[pentol86]

finally, china interested again with crypto coin. its good news. as we know, china is one of biggest market of bitcoin and other coin.

[palle11]

It is obvious that this Chinese news will drive the market to another round of bullish just as it led to the dull dip of bitcoin when they came up with the ban on icos last the months, thereabout.

Crypto market has been known to be influenced by fundamentals majorly rather than technicals.

[Maestro75]

Until now, the CN GOV unequivocal opposition the Cryptocurrency, and baned all kinds of cryptocrrency trading in public.

People only can trade face to face, it is legal.

I do not understand what you mean by not allowing cryptocurrency to be traded in public sphere in China  but that it is legal to do face to face trading. Can you explain this further?

[rjbtc2017]

This news have been refuted on the Press board. You have to check the thread there. The explanation is also there.  Based on what i understand, Huobi will not run their business "inside" China but "outside" China. The rumor is still undefined as true but you can find a chinese translate to translate the website of houbi- the notice page(which i tried on Google Translate but it was poorly done).

[warrior333]

I don't understand here that all the Chinese? What do you care what laws are made China? If China is a participant in the cryptocurrency market it does not change the situation. The Chinese are interested in this business will find a way to circumvent the ban. The community will get rid of the monopoly of China. I don't see any cause for concern.