A ban on trade in China

[bramgg.crypto]

I'm thinking this will only lead more and more people to truly anonymous cryptocurrency, people will always find their way.. So I'm not worried, I just benefit from taking this drop in prices and buy some more DeepOnions. Something is telling me that there will be a run on those in the near future so I'm stocking up. DeepOnions ftw.

[poGium]

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.

Why does the chinese government absolutely have to impose a ban? What benefits does China have for others to suffer? I don't quite understand.

[dificanovi]

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.

this is bad news for their people because their government has banned the exchange of cryptocurrencies, hopefully they find a way out to overcome the problems they face now in their country.

[boyjackyou]

No China didnt totally ban cryptocurrency trading but will regulate or will give some taxes on it,korea as well will only regulate the cryptocurrencies and they started to take some executive orders,we will see  what will be the overcome of these regulations to each countries positively it will open some opportunity for us in the future.

[nata777]

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.

I'm 100 percent sure that all these news specially advertise to lower the price and put out weak hands from the market

[CopMom]

China is currently the world's largest crypto center and is home to the world's largest exchange platform, Binance. So the news from China will greatly affect the exchange rate of the cryptocurrencies market. But the ban on cryptos in China is untrue because the market in China is very potential, and closing down will have a big impact on the economy.

[dificanovi]

I think they  will eventully allow it but will end up putting lot of redtape on it make it harder btw all the more reason we need decentrilized web

hopefully they soon realize this, that because the decisions they make will make other countries much more developed in comparison to their country.

[pooque]

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.

This is really not good news to our community,people yesterday started to dump bitcoin,ive researched futher but seems china and korea wont ban it totally but will regulate instead.

[vaso11]

China is currently the world's largest crypto center and is home to the world's largest exchange platform, Binance. So the news from China will greatly affect the exchange rate of the cryptocurrencies market. But the ban on cryptos in China is untrue because the market in China is very potential, and closing down will have a big impact on the economy.

I think that all this is fake or semi-fake news, I think that China thus manipulates the market itself

[Dutchyyy]

Is any confirmation of this or the topic is only FUD?

I don't believe to ban the whole trade. This will mean to isolate themselves from one very actual technology.

[S.Sandberg]

they don't try to eliminate cryptos they just want to control.

the big picture is that all government of the world will unite against bitcoin, and make it useless or highly taxed.

on the other hand, government controled cryptos will robably be used such as Ripple.

and maybe anonymous cryptos will be used in black markets

[mjnick01]

China is among the biggest bitcoin mining hubs in the world, but Chinese authorities cracked down on virtual currencies in 2017, outlawing initial coin offerings, shutting down local exchanges and limiting mining activity. The main threat is seen as the potential for a bubble in the sector, and its disconnectedness with the real economy.
“Pseudo-financial innovations that have no relationship with the real economy should not be supported,” Pan said.
“The financial work conference clearly called for limiting ‘innovations’ that deviate from the need of the real economy and escape regulation,” Pan said, according to Reuters.

[network678]

Chinese government is stupid as usual, they don't care about bitcoin, they care only their corruptions.

[Andrej Peiboski]

Well, China is just trying - with success, actually - to manipulate the market by rumors: now with low price, their big investor can make cheap cryptoshopping and big profits.

[Cryptophorus Columbus]

Chinese government has a strict control over population, and sure can create a lot of problems.
But cryptocurrency is the future and you can't stop it.

[skylark001]

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.

Yes, China is closing all avenues for trading of Crypto Currency. They are going on a nationalised way to sustain their own money in the nation. This news is the major cause of downtrend in almost all Cryptos such as Bitcoin, Ether, Deeponion and other alts.

[liuka]

No need to worried about that, China is not only trading cryptocurrency.
If they are ban on trade is not a problem.

[tonyja2017]

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.

I think they do it because they want to be good for their country. What do you think is going to happen in a country where price fluctuations are so high in your country? It is the people who will invest all the capital they have and when they are not lucky they will lose everything. It's not just one person that can happen to thousands or maybe millions of people. The bad thing is that the economy of that country will be severely depressed and of course their real money will be depreciated. That's my own opinion, can you tell me your opinion?

[Aqcizromencez]

this news is not good for the development of crypto and will affect the market. but I think the price will recover in a row ..

[ORiN]

The Chinese authorities will continue to tighten control over the trade in cryptocurrencies.
Beijing intends to end the mining of bitcoins in the country due to excessive electricity consumption and financial risks.
80% of the world's mining capacities are located In China,their closure will significantly affect the market of cryptocurrency, in particular bitcoin.