China calling for a wider ban on Crypto currency trading ?

[Godric-Gryffindor]

China wants to be sure the down in order to them to buy and invest secretly, i found it too political and its both great and not, as many investors are know this fact some still in shock about this current trend, the news is greatly affecting the mind of some investors.

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[2gether]

We will have to watch the way regulation develops in China, quite often it is pretty linear.

[anushkasachith888]

Very bad news for bitcoiner all over the world but one thing for sure is that bitcoin will continue to exist and the trading /investment will continue irrespective of any ban move in China. I also believed that even Chinese that are involve in international business will continue to use bitcoin for an international assignment.

YEAH hope for the best. Will Chinese government go after them? They are very strict having one party politics in China..

[Lukan]

Again oh no...lol
I wish all countries ban all crypto so I could buy myself cheap coins and enjoy.

[anushkasachith888]

Again oh no...lol
I wish all countries ban all crypto so I could buy myself cheap coins and enjoy.

Yeah when all countries ban all crypto you and your family members can trade crypto  ....

[bitcoinvamp]

Just after the Korean news that Korea going to shut down all Crypto exchanges completely. A similar news coming from China now. here is the link for the news

https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/?utm_content=buffer291bb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

I think banning bitcoin is not a solution as people will still find ways to access it as crypto is not banned all over the world . China has done this before and it doesn't affected bitcoin. Now, South Korea proposed a ban which shook the bitcoin market but its again back on track so we can learn that there is not gonna be a major effect if China does that again. People nowadays are quite smart and can find several ways to trade and use exchanges even if the bitcoin trading gets banned in a country.

[cavaBcoin]

Just after the Korean news that Korea going to shut down all Crypto exchanges completely. A similar news coming from China now. here is the link for the news

https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/?utm_content=buffer291bb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Mehn…this is really getting serious, what I don’t know is– why are they doing this? Seems like cryptocurrencies is not in favor of their economy. Based on what I read from a site, it claims that due to China has a bigger market, it is hard for them to control the crytptocurrency market (I’m not really sure if that’s what the source says, can’t remember)

I’ve also heard this news and actually there are many people worried about this problem. As far as I know that China is a country which have so many people use bitcoin although their government ban and don’t accept bitcoin. The users of bitcoin in China is incredibly popular, not only business men but also all of people such as chief, housewife, farmer… And recently, the news about the ban of using bitcoin in China aggressively. China is a very developed country nowadays but I suppose that crypto currency  is a big market, so it’s very difficult to ban of using it.

[anushkasachith888]

Just after the Korean news that Korea going to shut down all Crypto exchanges completely. A similar news coming from China now. here is the link for the news

https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/?utm_content=buffer291bb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Mehn…this is really getting serious, what I don’t know is– why are they doing this? Seems like cryptocurrencies is not in favor of their economy. Based on what I read from a site, it claims that due to China has a bigger market, it is hard for them to control the crytptocurrency market (I’m not really sure if that’s what the source says, can’t remember)

I’ve also heard this news and actually there are many people worried about this problem. As far as I know that China is a country which have so many people use bitcoin although their government ban and don’t accept bitcoin. The users of bitcoin in China is incredibly popular, not only business men but also all of people such as chief, housewife, farmer… And recently, the news about the ban of using bitcoin in China aggressively. China is a very developed country nowadays but I suppose that crypto currency  is a big market, so it’s very difficult to ban of using it.

But China is not  democratic country. communist one party ruling state. Can the public act against the government regulations ?

[carlfebz2]

Just after the Korean news that Korea going to shut down all Crypto exchanges completely. A similar news coming from China now. here is the link for the news

https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/?utm_content=buffer291bb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Mehn…this is really getting serious, what I don’t know is– why are they doing this? Seems like cryptocurrencies is not in favor of their economy. Based on what I read from a site, it claims that due to China has a bigger market, it is hard for them to control the crytptocurrency market (I’m not really sure if that’s what the source says, can’t remember)

I’ve also heard this news and actually there are many people worried about this problem. As far as I know that China is a country which have so many people use bitcoin although their government ban and don’t accept bitcoin. The users of bitcoin in China is incredibly popular, not only business men but also all of people such as chief, housewife, farmer… And recently, the news about the ban of using bitcoin in China aggressively. China is a very developed country nowadays but I suppose that crypto currency  is a big market, so it’s very difficult to ban of using it.

But China is not  democratic country. communist one party ruling state. Can the public act against the government regulations ?

For a country which isn't democratic then as a citizen you wont really have the choice but to follow on what they do command or the laws imposed once you refused or insist then theres only one way you would go which you will really be imprisoned on violating the laws being implemented.I don't know if I would believe on these kind of news because how many time I do already read up about banning but yet people can still able to engage with.

[adzino]

And sadly, they aren't giving any official statement of what they are going to do. All they say is that bitcoin trading "could" be banned in China, which results in spreading FUDs only. But even if they do ban, it will affect the market shortly but will eventually recover in its price like the same thing that happened last September when the Chinese government banned all domestic exchanges.

[anushkasachith888]

And sadly, they aren't giving any official statement of what they are going to do. All they say is that bitcoin trading "could" be banned in China, which results in spreading FUDs only. But even if they do ban, it will affect the market shortly but will eventually recover in its price like the same thing that happened last September when the Chinese government banned all domestic exchanges.

Very true that's what happening right now, finally it just becomes a FUD as we can't see any action following the news, Some times I get a feeling is that the purpose of these news? 

[anushkasachith888]

Just after the Korean news that Korea going to shut down all Crypto exchanges completely. A similar news coming from China now. here is the link for the news

https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/?utm_content=buffer291bb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Mehn…this is really getting serious, what I don’t know is– why are they doing this? Seems like cryptocurrencies is not in favor of their economy. Based on what I read from a site, it claims that due to China has a bigger market, it is hard for them to control the crytptocurrency market (I’m not really sure if that’s what the source says, can’t remember)

I’ve also heard this news and actually there are many people worried about this problem. As far as I know that China is a country which have so many people use bitcoin although their government ban and don’t accept bitcoin. The users of bitcoin in China is incredibly popular, not only business men but also all of people such as chief, housewife, farmer… And recently, the news about the ban of using bitcoin in China aggressively. China is a very developed country nowadays but I suppose that crypto currency  is a big market, so it’s very difficult to ban of using it.

But China is not  democratic country. communist one party ruling state. Can the public act against the government regulations ?

For a country which isn't democratic then as a citizen you wont really have the choice but to follow on what they do command or the laws imposed once you refused or insist then theres only one way you would go which you will really be imprisoned on violating the laws being implemented.I don't know if I would believe on these kind of news because how many time I do already read up about banning but yet people can still able to engage with.

Yes, people has no any choice rather than obeying the government when there is no proper democracy. Yes that's true, User adzino too, below already has pointed out what's happening right now. Just News spreading no real action. and it becomes a FUD. Market recover slowly after FUD disappeared,  again Chinese trading too. 

[batang_bitcoin]

If that will be implemented this will be a big problem for crypto people who are living in China. Still it's unverifiable if this Pan Gongheng wants to put crypto trading in China to an end. The article was made by Reuters and I'm not questioning their research ability but still we need to see a real news and verification if this for real. We need to see a confirmation from anyone who's living in China. We had seen the impact before when started banning ICO's, if this happens it will be another big impact for sure.

[Baofeng]

And sadly, they aren't giving any official statement of what they are going to do. All they say is that bitcoin trading "could" be banned in China, which results in spreading FUDs only. But even if they do ban, it will affect the market shortly but will eventually recover in its price like the same thing that happened last September when the Chinese government banned all domestic exchanges.

It really looks like that they are really creating a lot of FUD so that they can say that bitcoin could disrupt their economy or the economy of other countries. Yeah, just like South Korea, they could impact the price short term, however with bitcoins proven record, it will recover from all of this scare and could even go further on its path. The September scenario is one such example. It went down 40%, but then rebounded. So short term it going to be hard to swallow, but eventually it will end up on our favor.

[richardsNY]

Very true that's what happening right now, finally it just becomes a FUD as we can't see any action following the news, Some times I get a feeling is that the purpose of these news?  

Of course. There is so much money involved, that all types of entities try to get the price to tank with all this fud. It works every time because of how ignorant people in this market are. It has been like that years ago, and it's still like that today. Some times I just get pissed off by how easily people get tricked into thinking that whatever government will ban this or that aspect of the market. No wonder that this fud will keep flowing through this market. If it works all the time, there is basically no reason to stop for the entities behind all this.... The only way to somewhat stop this, is to ignore everything, but that's too much to ask for I guess -- people's ignorance is too much of an obstacle here.

[yepaiyique2]

The Chinese government is working on a strategy to clear the trading platform for Chinese users, and they may use technology to prevent links to Chinese users! The purpose of these is to prevent capital outflow and control the capital at home!

[anushkasachith888]

Very true that's what happening right now, finally it just becomes a FUD as we can't see any action following the news, Some times I get a feeling is that the purpose of these news?  

Of course. There is so much money involved, that all types of entities try to get the price to tank with all this fud. It works every time because of how ignorant people in this market are. It has been like that years ago, and it's still like that today. Some times I just get pissed off by how easily people get tricked into thinking that whatever government will ban this or that aspect of the market. No wonder that this fud will keep flowing through this market. If it works all the time, there is basically no reason to stop for the entities behind all this.... The only way to somewhat stop this, is to ignore everything, but that's too much to ask for I guess -- people's ignorance is too much of an obstacle here.

Yes agree, Because fear works. Fuds need fear to do its job. I think it will happen forever in the market. because market works with fear and greedy. So Fuds always have a space , I think this is where you have to apply the theory " Buy when other are scared, Sell when others are happy''

[anushkasachith888]

China has to accept the fact that they can't stop bitcoin. They can't stop the development of virtual currencies. I think they are afraid of their money.

Sometimes I get a feeling that China is suspicious about Crypto market because they might think This is a conspiracy of westerners to damage their economy. absorb their money and get away. something like that. wit the time if they realized that there is no any harm for the economy from Crypto They will be flexible enough towards Crypto I guess.

[anushkasachith888]

The Chinese government is working on a strategy to clear the trading platform for Chinese users, and they may use technology to prevent links to Chinese users! The purpose of these is to prevent capital outflow and control the capital at home!

How to prevent capital outflow when you are in Crypto market?  all crpto projects are not from China. So it is not preventable to stop flowing their money out of the country. but in return money comes in to country with profit.
I wish if you can explain more in depth how they working on this using strategies you mentioned here.

[Condoriano]

Don't fret, it is only natural for a nation to stop anything that they cannot control. China is so BIG that won't be able to stop the exchange. people will always find way to earn money through crypto and possible recognized as well by their government.