Did china ban Bitcoin

[worldtraveller321]

did china really ban bitcoin and cryptos? if so , wouldn't it be made illegal for the miners to operate in China? or what is the situation on this? very curious? thanks

[kidddwkr]

Hi ,my friend !
You're right ,China really did .On September ,the government of China banned the all kinds of cryptos trade officially .
Whatever ?

You know we were banned to search on Google also .Our forums is banned ,too .But we can also communicate to each other here although they're all illegal .
In fact, the government just wants to manage the mess of ICO in China ,and other folk practices they won't push so hard .

No matter BTC trade or minning in China .It's okay as long as the market and the Internet exist .

[pooya87]

No, they did NOT ban bitcoin.
and they did NOT ban cryptocurrencies in general.
and they did NOT ban mining of them.
and they did NOT ban trading them.

what they did ban was ICOs and they closed some of the exchanges. currently people are still mining bitcoin, altcoins and also trading them on different exchanges and off the counter and in places like localbitcoins.com and the Chinese version of this.

[HabBear]

did china really ban bitcoin and cryptos? if so , wouldn't it be made illegal for the miners to operate in China? or what is the situation on this? very curious? thanks

No, China didn't ban Bitcoin. Where did you hear this?

China banned Bitcoin exchanges from operating in their country. They didn't ban people owning Bitcoin. They didn't ban people from transacting Bitcoin. They didn't ban people from mining Bitcoin.

[untugede]

I am also curious about the bitcoin miners in China whether they can still do these activities
or have stopped, if it has stopped they will not experience a huge loss of course in terms of capital and also others ??

[pikebu]

did china really ban bitcoin and cryptos? if so , wouldn't it be made illegal for the miners to operate in China? or what is the situation on this? very curious? thanks

Yes the government of China had banned the bitcoin and we can see right now that the famous exchangers of cryptos coins had been closed and i have heard that the bitcoin mining, investing ICO activity on there had been banned too by the government of China, but unfortunately the cryptos coins activity can not really be banned by the government of China because actually still many people from the China, they are still mining, trading alternative coins and try investing in the ICO, so community of cryptos coins from the China they are still alive and survive.

[etsonarrantes]

I think it doesn't mean too much thing. You can have bitcoin or altcoin in your account, all you need is ineternet and computer. So if i live in Chine i still be in crypto currency business for sure. So it is not a big deal for me.. And also i haven't heard something about China's ban..

[fatema]

China has not banned Bitcoin. China banned bitcoin exchanges from operating only. Who works with Bitcoin or has not banned any of those involved? Bitcoin has not banned anyone from trading. Even from Bitcoin mining, not least. Those who heard it were completely unfounded.

[Loveaaronbaby]

did china really ban bitcoin and cryptos? if so , wouldn't it be made illegal for the miners to operate in China? or what is the situation on this? very curious? thanks

I don't think China has banned bitcoin, and there are still a lot of mines in China where it is not illegal to mine bitcoin in China. The Chinese government has banned ico. Because a lot of ico is a fraud, many people have been cheated a lot of money, the Chinese government chose to ban the ico in order to crack down on illegal behavior.

[mahibul49]

i think china didnt ban bitcoin but they gave warning about bitcoin trading and icos.

[markflayer]

Yes, You are right. China banned the bitcoin. But it is also fact that many people are using bitcoin there.

[FRJ]

 I heard that China has banned Bitcoin in September 2017.But I'm not sure about that because I have also heard that China actually didn't banned Bitcoin. I'm confuse about this but I have also heard that the main reason of the falling price of Bitcoin is mostly based on the banning Bitcoin in China. Because most of the investors of Bitcoin were from China.

[heokonit]

China has banned bitcoins because they fear it will affect their economy and yuan

[thevlox]

yes you are right china bitcoin has been baned. Because many people work well with this bitcoin and many do bad things. The good thing is that many people use this bitcoin for their own sake, because of which it has been banned in China.

[sate_padang]

It is true that bitcoin is not yet recognized or legalized by a country, but mining is also not prohibited, because it is not the mining of natural products.

[DilBro256]

China banned the bitcoin.However, There are many Chinese still use bitcoin now.

[BrentMack]

China did not ban bitcoin the last time I checked although I may have to crosscheck to make sure that my information is correct. i don't think china will ban bitcoin though but regulations are coming.

[Temik2704]

No, they did NOT ban bitcoin.
and they did NOT ban cryptocurrencies in general.
and they did NOT ban mining of them.
and they did NOT ban trading them.

what they did ban was ICOs and they closed some of the exchanges. currently people are still mining bitcoin, altcoins and also trading them on different exchanges and off the counter and in places like localbitcoins.com and the Chinese version of this.

That's right. But the biggest crypto players already moved from China to Hong kong (Big Miners, Exchanges, ICO investors).
Such fakes news about "China ban cryptocurrencies" are used by whales to manipulate the market.

[talkbitcoin]

I think, that they just say "we'll ban it". But at the same time, they are planning something interesting for cryptoworld

no, they have not even said that!
what you hear on the news and mostly on social media platforms is not the truth. it has never been when it comes to bitcoin actually!
Chinese government may want to eventually ban them but so far they have neither said it nor given any indications of their goals. so far they are only regulating cryptocurrency and the related businesses and trying to eliminate scams.

[judeafante]

Hi ,my friend !
You're right ,China really did .On September ,the government of China banned the all kinds of cryptos trade officially .
Whatever ?

You know we were banned to search on Google also .Our forums is banned ,too .But we can also communicate to each other here although they're all illegal .
In fact, the government just wants to manage the mess of ICO in China ,and other folk practices they won't push so hard .

No matter BTC trade or minning in China .It's okay as long as the market and the Internet exist .

I don't think Google ban bitcointalk forum I still can see it on every Google queries I'm doing what you mean is the ICO advertisement from adwords, I'm still using Google but if they fail to show up Bitcointalk forum I'll definitely change my search engine preference.