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Author Topic: China calling for a wider ban on Crypto currency trading ?  (Read 1513 times)
yurenchuang7125
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March 13, 2018, 09:27:00 AM
 #241

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

Last month the south Korean financial services commission said it would ban the issuing of new trading accounts on the currency exchange. In a statement, the committee said that if a new account was opened, the government would have the right to take action, either stop trading or close the exchange.


The commission added that since most of the encrypted currency transactions were anonymous, users had to use their real names.


The south Korean government also said it would monitor Banks closely and would act "quickly" to restrict the flow of money into encrypted currencies if necessary.

The south Korean government has issued a warning that it would include shutting down all options, including the closing of a cryptocurrency exchange, in an effort to curb the use of cryptocurrency speculation, which has sent the currency tumbling.
iv4n
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March 13, 2018, 09:39:52 AM
 #242

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.

China is manipulate with bitcoin news for years, I get a feeling that all those miners in China actually work for their government. Until now I saw Chinese banning bitcoin several times and soon after changing that decision.
Last year manipulations with bitcoin and bitcash were interesting to watch, we saw how Chinese coordinate attack on bitcoin network, pushing bitcoin price down and bitcash price up, in the same time news from everywhere lead people to dump bitcoins at dropped price and to buy bitcash on top, many people fall on their trick.
I stated before and I will do it again, I don't believe in nothing that comes from Chinese, they are masters in manipulations, communists that is all they know to do.

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CryptoVokain
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March 13, 2018, 07:58:55 PM
 #243

Nobody can ban crypto guys... yeah it might be tricky sometimes to convert fiat to crypto and back but once crypto gets widely adopted its game on.

Look at DeepOnion with TOR, OBFS4 and Meek... works everywhere... stealth addresses almost ready so privacy guaranteed.
#davidnugroho
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March 14, 2018, 05:18:00 AM
 #244

if china and korea close the link exchange is difficult to access and stop, why this latest technology can not be accepted whether there should be an update system and this technology must be handled because this is a good thing for the economic growth and welfare of the people who are free to work and are expressed to help a future tomorrow and new ideas will emerge.
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March 15, 2018, 11:27:07 AM
 #245

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.
Obviously they always feel pained in their heart that it is impossible to just rule out the cryptocurrency space completely like that and the best they can only do is to regulate it, not if decentralized exchanges start taking the part of the day in the long run anyway. All the above, a lot of fake news comes from China a lot and the communities are the ones paying attention to this without even verifying anything which makes it possible for some set of people to want to capitalize on the news for their own benefit.
anushkasachith888 (OP)
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March 15, 2018, 03:02:40 PM
 #246

One of my friends sent me this today. He says this is a statement of a person who participated for a meeting about cryptocurrency in US. ''

House ICO Hearing: overall, still low awareness of the technology and the cryptomarket: 'cryptocurrencies are a crock' and are used only to fund terrorism, claimed California Representative. However, other Representatives urged the Congress to properly study the subject before rushing into regulations. The end of the discussion was positive too: 'I believe that this is probably hello and not goodbye'.

d1ceplayer
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March 17, 2018, 08:03:48 AM
 #247

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.
People are always the cause of their own problems anyway since they always decide to listen to everything that comes their way and pay attention to things that are not relevant. Every day, it is either you keep hearing people talk about China instead of them to focus on the future and forget whatever comes out of China. This is the main reason some people always end up getting their judgment clouded in the long run.
SirLancelot
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March 17, 2018, 09:09:59 AM
 #248

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.

China is manipulate with bitcoin news for years, I get a feeling that all those miners in China actually work for their government. Until now I saw Chinese banning bitcoin several times and soon after changing that decision.
Last year manipulations with bitcoin and bitcash were interesting to watch, we saw how Chinese coordinate attack on bitcoin network, pushing bitcoin price down and bitcash price up, in the same time news from everywhere lead people to dump bitcoins at dropped price and to buy bitcash on top, many people fall on their trick.
I stated before and I will do it again, I don't believe in nothing that comes from Chinese, they are masters in manipulations, communists that is all they know to do.
I can imagine the number of years that china has been having a problem one way or the other with respect to cryptocurrency and in coming years even when things are already getting normal, I am sure we will still keep seeing things like this happening anyway.

If they want to keep manipulating, that is their cup of tea, if the Asian whales want to be spreading fake news, which is also their cup of tea. At the end, who cares expect those that want to jeopardize their positions in the market.

micleeiu398
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March 17, 2018, 10:56:48 AM
 #249

I mean some single cases, to be proposed in any other country
Nothing is being proposed in any other country and china is not calling for any wider ban on cryptocurrency and whatever anyone is telling you right now are just pointless. If Chinese regulators want the country to opt out from cryptocurrency entirely, no one is stopping them but using fake news by some people to generate FUD in the community is uncalled for and has to stop. Time we stopped paying attention to too much negative news.
zhangxie29152784
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March 17, 2018, 01:39:40 PM
 #250

A senior official at the people's bank of China has called for a broader ban on the country's digital currency trading services.

But that does not stop the cryptocurrency.

Germany, Japan and other countries have recognized the legal status of bitcoin, and some U.S. states are trying to legislate for bitcoin.
We should pay more attention to some useful news.
yurenchuang7125
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March 18, 2018, 04:04:03 AM
 #251

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

That's bad news.

From the current market, it is true that the encryption market has been very volatile, because it has been down for several days.

In the long run, the encryption market will not die, because it will be helpful to people, and the blockchain technology will be widely used, and the market will only eliminate some useless currencies.
guoyu78
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March 19, 2018, 09:37:10 AM
 #252

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.
People are always the cause of their own problems anyway since they always decide to listen to everything that comes their way and pay attention to things that are not relevant. Every day, it is either you keep hearing people talk about China instead of them to focus on the future and forget whatever comes out of China. This is the main reason some people always end up getting their judgment clouded in the long run.
China is almost very much near to that of becoming the super power nation and that the people as well as the government of china is very much smart and that they can’t do any such thing which can result in loss of having such chance of making their economy even better.

There is nothing like that and that such thing will never happen, instead China is going to declare this as legal currency very soon.
Barbut
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March 19, 2018, 02:31:36 PM
 #253

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.
People are always the cause of their own problems anyway since they always decide to listen to everything that comes their way and pay attention to things that are not relevant. Every day, it is either you keep hearing people talk about China instead of them to focus on the future and forget whatever comes out of China. This is the main reason some people always end up getting their judgment clouded in the long run.
China is almost very much near to that of becoming the super power nation and that the people as well as the government of china is very much smart and that they can’t do any such thing which can result in loss of having such chance of making their economy even better.

There is nothing like that and that such thing will never happen, instead China is going to declare this as legal currency very soon.
They are becoming that with help of news spinning and manipulation, and there are army of Chinese that can pull of that kind of global manipulations. I think too that many people don`t care what Chinese say anymore, what ever they said in past two years about cryptocurrenceis they did everything otherwise, they are not to be trusted.
They work for themselfs, not for humanity, and what ever they do that doesn`t touch me. I would like we to be concentrated on better things and how to rise awareness about bitcoin and all cryptocurrencies in our own countries, to not happen what is happening there.



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shoujiuhaituo7
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March 20, 2018, 07:05:12 AM
 #254

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

This information doesn't mean anything, and China still has a lot of people trading and investing in encrypted currencies.

It is as if the country has put a traffic light on the road and let people obey it. We can still see people running red lights. The state thinks you are wrong and the rules are his.

There is no technical way to ban encrypted money, and as long as it is recognized, it will exist.
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March 21, 2018, 08:27:19 AM
 #255

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

That's bad news.

From the current market, it is true that the encryption market has been very volatile, because it has been down for several days.

In the long run, the encryption market will not die, because it will be helpful to people, and the blockchain technology will be widely used, and the market will only eliminate some useless currencies.
China is very well-developed country and that the government of the China is taking lot of positive steps to promote bitcoin in their country and that there is no such news that China have banned the entire crypto trading and mining in their country. The only thing about which they were worried about was the mining of the crypto coins and this is the only thing which they have strictly banned due to energy and power issues.
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March 22, 2018, 07:13:11 AM
 #256

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.
People are always the cause of their own problems anyway since they always decide to listen to everything that comes their way and pay attention to things that are not relevant. Every day, it is either you keep hearing people talk about China instead of them to focus on the future and forget whatever comes out of China. This is the main reason some people always end up getting their judgment clouded in the long run.
China is almost very much near to that of becoming the super power nation and that the people as well as the government of china is very much smart and that they can’t do any such thing which can result in loss of having such chance of making their economy even better.

There is nothing like that and that such thing will never happen, instead China is going to declare this as legal currency very soon.
The government of China is no doubt very much smart and that they will never ever miss out a chance of having their economy more better by banning any of the crypto currency in their country. In fact, their government is taking lot of positive steps for better regulation of crypto currencies in their country. The only thing which they have banned is mining and that too because of resources issues.

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StarofBTC
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March 22, 2018, 11:55:26 AM
 #257

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

This information doesn't mean anything, and China still has a lot of people trading and investing in encrypted currencies.

It is as if the country has put a traffic light on the road and let people obey it. We can still see people running red lights. The state thinks you are wrong and the rules are his.

There is no technical way to ban encrypted money, and as long as it is recognized, it will exist.
In the world of crypto currencies, you will get to hear so many news everyday but it not at all necessary that all those news is true and that most of the news which you hear are nothing but rumors. There is no such thing as none of the government official has so far said such kind of thing and that there are so many people living in China are still making out a huge amount of money because of crypto currencies.
jerry3k5jamiso1
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March 23, 2018, 03:10:21 AM
 #258

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.
People are always the cause of their own problems anyway since they always decide to listen to everything that comes their way and pay attention to things that are not relevant. Every day, it is either you keep hearing people talk about China instead of them to focus on the future and forget whatever comes out of China. This is the main reason some people always end up getting their judgment clouded in the long run.
China is almost very much near to that of becoming the super power nation and that the people as well as the government of china is very much smart and that they can’t do any such thing which can result in loss of having such chance of making their economy even better.

There is nothing like that and that such thing will never happen, instead China is going to declare this as legal currency very soon.
The government of China is no doubt very much smart and that they will never ever miss out a chance of having their economy more better by banning any of the crypto currency in their country. In fact, their government is taking lot of positive steps for better regulation of crypto currencies in their country. The only thing which they have banned is mining and that too because of resources issues.
I really do not believe in news from China to prohibit crypto because it is just an act to lower their cryptocurrency market so that these investors can buy crypto at very low prices the market goes down. Be alert to the situation, certainly the Chinese will not want to prohibit cryptocurrency when they are the most crypto-holding country.
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March 28, 2018, 03:33:28 PM
 #259

These so-called bans on crytocurrency tradings are actually useless. Whatever the governments do, people will always find ways to make things possible. Privacy coins will be the trend because of this. And there many privacy coins. One example is DeepOnion. It is the best alternative, and the privacy coin in its category because of its technology. It features the latest TOR protocol, OBFS4, MEEK, DeepSend, DeepVault, etc.
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March 28, 2018, 09:16:37 PM
 #260

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 love those kind of news.
I'm wondering,  is it the reason why bitcoin starting to goes down?
That kind of news is one of the reason that affects bitcoin or let's whole crupto currency price.

And for me that news is a good to be true.  Knowing the fact that they cannot bring down the father of all crypto and that's bitcoin.
Many whales/pro-trader is celebrating if that news affect much the industry of bitcoin, computing their own future profit. ROFL
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