China calling for a wider ban on Crypto currency trading ?

[LUCKMCFLY]

I think the Chinese should be careful, although people think that nothing will happen to them, most likely they start with the search for people who operate with cryptocurrencies, it is very easy, because the chain of blocks can track them, of course there is alternatives to how to use cryptocurrencies anonymous, verge, dash, deeponion, the idea is that the market in China does not stop, because it is very representative in the world of cryptocurrencies.

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[shoujiuhaituo7]

Now that I'm immune to fake news, what's wrong with this news? Does China completely ban bitcoin? No kidding.

There was a similar story last year (China will ban encrypted currency, and China bans password trading).

Now China can still trade bitcoin (VPNS)

[Silberman]

Chinese leaders have a very special concept of freedom: the simple idea that citizens could move money out of  the control of the state make them crazy!
But there isn't too much they can do, out of beg claims. And in the next future they will be forced to change their mind.

They cannot change their mind their entire regimen depends on that, they cannot allow people to have economic freedom or their government will have to change and as you may guess those that are in power do not want things to change since they are getting great benefits with the way things are but technology is not going to obey their commands and bitcoin is not going to disappear so I think cryptocurrencies will weaken their strength and will allow some Chinese citizens to get back that power.

[Sengoko]

Anyway, After I published this report , I didn't hear any new updates from china towards this action. I guess they are still not has come to a final conclusion to ban Crypto in China. They are just afraid of this new trend as they still collect more details about it.

As far as I have heard regarding this, the government of China have already banned the mining of nay of the crypto coin in their own country somewhat a month earlier and the reason for doing so is to save the resources of electricity for thee usage of the people living in that country. Study have revealed that it takes lot of consumption of electricity to mine even a single coin, that’s why they have disallowed this thing.

[yurenchuang7125]

I think these messages didn't stop Chinese use encryption and investment currency, now the encryption of the market in China is still a fire, a lot of new users to join, encryption because they think money is the trend of the future, can give them a profit.

[dragonvslinux]

Anyway, After I published this report , I didn't hear any new updates from china towards this action. I guess they are still not has come to a final conclusion to ban Crypto in China. They are just afraid of this new trend as they still collect more details about it.

As far as I have heard regarding this, the government of China have already banned the mining of nay of the crypto coin in their own country somewhat a month earlier and the reason for doing so is to save the resources of electricity for thee usage of the people living in that country. Study have revealed that it takes lot of consumption of electricity to mine even a single coin, that’s why they have disallowed this thing.

In the long-run with continued FUD from China (that seems never-ending) tor-integrated currencies such as Verge and DeepOnion will thrive as a solution not only to enable covert mining operations in the country, but also as cryptocurrencies that are still safely usable. This is surely more relevant long-term. In particular ONIONS running over the Tor network (with obfs4 and meek) looks like it's providing one of the few options left in China for keeping transactions hidden from the state.

[Cyanics]

They are a little unpredictable and they can easily ban it.

[Wolfwar]

Anyway, After I published this report , I didn't hear any new updates from china towards this action. I guess they are still not has come to a final conclusion to ban Crypto in China. They are just afraid of this new trend as they still collect more details about it.

As far as I have heard regarding this, the government of China have already banned the mining of nay of the crypto coin in their own country somewhat a month earlier and the reason for doing so is to save the resources of electricity for thee usage of the people living in that country. Study have revealed that it takes lot of consumption of electricity to mine even a single coin, that’s why they have disallowed this thing.

Perhaps there are still some moments, because of which the government of China is so set against the crypto currency, which we do not know about. If you look at the history of the development of the Chinese economy, we will see that they never gave up the opportunity to earn less losses. I believe that electricity for the Chinese state is not a problem.

[percentelated4]

No, they will never ban it as a lot of people uses it.

[Arkham Knight]

I think nobody really cares now what China says. They always say that and then you hear that most Chinese traders still secretly trades crypto and even migrate to continue what they are doing.

[KingdomHearts]

They are a little unpredictable and they can easily ban it.

You come across so many news regarding to this world of crypto currencies and that amongst those news, so many news are only rumors having no truth in reality.

Same is the case regarding this news as none of the government official has so far announced any such thing and above all, the people living in China are happily investing and trading in crypto currency without any worries and are making out enough money out of it.

[onebtcforlife]

Anyway, After I published this report , I didn't hear any new updates from china towards this action. I guess they are still not has come to a final conclusion to ban Crypto in China. They are just afraid of this new trend as they still collect more details about it.

I can agree with you but one we have to remember if they want to ban the cryptocurrency then they need to ban firstly NEO, Binance exchange both of them belong Chinese only. Till now, they never said directly that they are banning Cryptocurrency.

[mulukey]

Anyway, After I published this report , I didn't hear any new updates from china towards this action. I guess they are still not has come to a final conclusion to ban Crypto in China. They are just afraid of this new trend as they still collect more details about it.

I can agree with you but one we have to remember if they want to ban the cryptocurrency then they need to ban firstly NEO, Binance exchange both of them belong Chinese only. Till now, they never said directly that they are banning Cryptocurrency.

Bad news from China has the purpose of speculators and whales. They want to lower the value of bitcoin to buy more at cheap rates or get their crypto to reach their goals. The market should be more responsive to the bad news originating in China, which holds the most bitcoin in the world and also has the most bad news about the market.

[Crypto_4eva]

Yeah I agree with alot of the comments made on here. China just loves to control people and what they do, this is no different. If the world accepts it then 1 day they may do too.

[hulla]

Now that I'm immune to fake news, what's wrong with this news? Does China completely ban bitcoin? No kidding.

There was a similar story last year (China will ban encrypted currency, and China bans password trading).

Now China can still trade bitcoin (VPNS)

The Chinese government did stopped its citizens from trading bitcoin by targeting methods including offshore sites and over-the-counter trading but people in China still trade bitcoin behind back door.

[atjiat]

Anyway, After I published this report , I didn't hear any new updates from china towards this action. I guess they are still not has come to a final conclusion to ban Crypto in China. They are just afraid of this new trend as they still collect more details about it.

I can agree with you but one we have to remember if they want to ban the cryptocurrency then they need to ban firstly NEO, Binance exchange both of them belong Chinese only. Till now, they never said directly that they are banning Cryptocurrency.

Bad news from China has the purpose of speculators and whales. They want to lower the value of bitcoin to buy more at cheap rates or get their crypto to reach their goals. The market should be more responsive to the bad news originating in China, which holds the most bitcoin in the world and also has the most bad news about the market.

I alone can not understand why the countries that have a Communist or totalitarian regime are very strongly opposed to the crypto currency. Is it really connected with the fact that they do not want their people to have financial independence, as well as more or less good financial stability.

[Silberman]

I think nobody really cares now what China says. They always say that and then you hear that most Chinese traders still secretly trades crypto and even migrate to continue what they are doing.

People still care about what happens in China, I'm not really sure why since China has chosen to withdraw from the market of cryptocurrencies and I suppose it's kind of difficult to let go of old habits and people still put attention to China thinking that is still as powerful as it was just a few years ago when it came to the influence it had over bitcoin but that has changed.

[ncn1992vn]

I mean some single cases, to be proposed in any other country

[yanxuanyunshan4]

Chinese regulators have been working to crack down on money laundering and fraud for years, and they do not want to preserve another means of supporting these criminal activities -- bitcoin. Perhaps worse than money laundering is the possibility of opening up a market that is often used for speculation, which has intermittently plagued China's financial markets. China's rapid financial development poses a continuing challenge to regulators, who have been trying to clamp down on unapproved practices before significant losses.

China's crackdown on the bitcoin deal also reflects disagreement over the views of all sides of the cryptocurrency. Some people think that bitcoin is simply a legitimate currency; But others see it as a "scam".

[tuikindu01]

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

The news is usually not effective in the market.

South Korea started the same program to regulate the market.

It is difficult to completely ban the encryption of money, but China can control it fairly rigorously.