A ban on trade in China

[Nikola282828]

The Chinese authorities will block all platform for cryptocurrency trading.

Previously, China has closed all major cryptocurrency exchanges under the jurisdiction of the country, however, according to the authorities, this is not enough, and they plan to block access to local and offshore platforms that allow for centralized manufacturing. It is reported Bloomberg citing sources familiar with the situation.

Last year the authorities decided to close the cryptocurrency exchanges under the jurisdiction of the country. However, she was recently seen increased activity on alternative venues. The sources Bloomberg did not specify how the authorities will define such platform.

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[criptogeek]

The Chinese authorities will block all platform for cryptocurrency trading.

Previously, China has closed all major cryptocurrency exchanges under the jurisdiction of the country, however, according to the authorities, this is not enough, and they plan to block access to local and offshore platforms that allow for centralized manufacturing. It is reported Bloomberg citing sources familiar with the situation.

Last year the authorities decided to close the cryptocurrency exchanges under the jurisdiction of the country. However, she was recently seen increased activity on alternative venues. The sources Bloomberg did not specify how the authorities will define such platform.

could this explain the past hour's mayhem?

[dua98222]

They're coming hard for peer-to-peer platforms, such as LocalBitcoins. It is sad to be honest to look at these attempts.

[quierx16]

The Chinese authorities will block all platform for cryptocurrency trading.

Previously, China has closed all major cryptocurrency exchanges under the jurisdiction of the country, however, according to the authorities, this is not enough, and they plan to block access to local and offshore platforms that allow for centralized manufacturing. It is reported Bloomberg citing sources familiar with the situation.

Last year the authorities decided to close the cryptocurrency exchanges under the jurisdiction of the country. However, she was recently seen increased activity on alternative venues. The sources Bloomberg did not specify how the authorities will define such platform.

any source? or is it old news? south korean banned exchange and shutdown bitcoin. is the cause of down trend today.
the market is recovering slowly now.

[drogas]

The Chinese authorities will block all platform for cryptocurrency trading.

Previously, China has closed all major cryptocurrency exchanges under the jurisdiction of the country, however, according to the authorities, this is not enough, and they plan to block access to local and offshore platforms that allow for centralized manufacturing. It is reported Bloomberg citing sources familiar with the situation.

Last year the authorities decided to close the cryptocurrency exchanges under the jurisdiction of the country. However, she was recently seen increased activity on alternative venues. The sources Bloomberg did not specify how the authorities will define such platform.

[citation needed].

Either way, I don't think they'd ban cryptocurrency exchanges, for long anyway. If they do, people will probably come up with an alternative.

[lutcor]

Let's hope that this solution is temporary and near future projects and ICO in China will still be allowed, albeit with taxes, because China is a superpower that has been developing the bitcoin quite confidently, so it's probably worth just waiting a little

[Lingqingyi]

More often than not, it is just a rumor that has not seen any government news, it is all rumours.So can buy altcoin now i think.

[jwpoke]

This news was discussed in the Chinese local board. None of the Chinese traders are concerned.

Most of their views on this potential ban is that even if the news is true, the government can ban crypto trading, but they can't stop it. LOL

I'm just having a hard time wrapping my head around how the government is going to ban an individual's trading activity on the internet.

[imjustp]

It wont last in my opinion, if anything it may cause a bit of a bump for BTC but there are many currencies which will not be affected. The market is already staring to recover for some currencies

[sylance]

It might not ban certain individuals access to crypto, but it'll definitely prevent the masses from adopting it.  Remember China has a massive firewall around much of the internet 'protecting' its citizens from harmful content.  We might be witnessing the beginning of the war between governments and decentralized currencies.

[sarfwr]

Now China has become irrelevant, because the entire cryptocurrency market is out of China, and its main market share is now in Japan and South Korea.

[europesss]

The Chinese authorities will block all platform for cryptocurrency trading.

Previously, China has closed all major cryptocurrency exchanges under the jurisdiction of the country, however, according to the authorities, this is not enough, and they plan to block access to local and offshore platforms that allow for centralized manufacturing. It is reported Bloomberg citing sources familiar with the situation.

Last year the authorities decided to close the cryptocurrency exchanges under the jurisdiction of the country. However, she was recently seen increased activity on alternative venues. The sources Bloomberg did not specify how the authorities will define such platform.

Do you have any official reports to prove what you said ? or you are spamming .

[Panteleymon]

Many sources write about China, about the collapse of the cryptovolume and other information that generates panic. It becomes like intentional dumping.

[niknik1966]

Unfortunately, China occupies a huge place in the trade in crypto-currencies. And China and South Korea and other countries want to put an end to free trade in crypto-currencies. On these news, there was a total collapse of the crypto currency.

[CroDam]

If you ask me this is just FUD from west.

[Valekor]

No matter if the bad news are real or not, no matter if they are just spreading the bad news or try to ban and control money (in every form),
cryptocurrencies will stay here.

[Coindest]

it is not first time when china want to ban crypto. Don't panic)

[selenophile]

its just a FUD to make the market collapse. now the big whales are buying the dip. market recover slowly now. should wait for a few days for correction

[disam]

this is all planned stuff and also fud. Watch the latest interview with binance ceo Zhao Changpeng for bloomberg and you will realise that they were ready for this stuff and are located on all chinese tax heaven locations as Macao and other island states around. Nothing will change because everybody loves money, and earning by taxing something is how politics gets richer everyday.

[mrproblem]

It is a FUD which tries to support China thing and South Korea thing but it is not. Don't panic and just HODL or buy some