A ban on trade in China

[Valzador]

Will Binance, Kucoin and okex be blocked? They are an exchange with the majority of customers are Chinese citizens but for the server I do not know where they are in China or not.

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[gabmen]

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.

Lol. They've done it last year and the effect on the entire crypto market was temporary. We even broke a lot of all time highs sans the chinese. Whether they crakdown on their exchanges, it won't matter in the long run. I feel bad though for the local chinese traders

[Darthswan]

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

Well, why not a problem? This greatly affects the course of bitcoin, and all crypto currency. They create a negative background (I do not know if they do it, or not specially), because I think this is a problem. In addition, as far as I know the exchange binance, is under the jurisdiction of China, and if you see the volume of trade with each day it only increases (6 million users), + Korea ahead in bitcoin volumes. So this is still a problem.

[tushkanych]

The Chinese every year that prohibit or impose sanctions, and that? Some time passes and bitcoin not only regains its position but is rapidly gaining growth. I do not see any problems.

[Mallampue]

Will Binance, Kucoin and okex be blocked? They are an exchange with the majority of customers are Chinese citizens but for the server I do not know where they are in China or not.

No, Binance is still running and there are big volume trade.
China is a banned on trade, but many of people is not care about that.

[Manc89]

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 this is very big problem again to cryptocurrency world after the south korea issue.
But i think bitcoin and other crypto currency will survive again like last year they ban the exchanger. No worries we are still strong without them and still can survive

[Welckomtome]

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.

if we look more broadly then everyone wants to manage big money and at the same time not lose power over people, the crypto currency will be more popular and more popular it is inevitable!

[AngelSky]

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

Well, why not a problem? This greatly affects the course of bitcoin, and all crypto currency. They create a negative background (I do not know if they do it, or not specially), because I think this is a problem. In addition, as far as I know the exchange binance, is under the jurisdiction of China, and if you see the volume of trade with each day it only increases (6 million users), + Korea ahead in bitcoin volumes. So this is still a problem.

Chinese are having shit on their mind I think since they banned the most trusted and useful platform to grab the world economy. Instead of discussing about their ban on bitcoin. Here this forum and all the site relevant to china should be ban by the bitcoin investors. Then only they will understand the potential of bitcoin. Actually those stupids make the bitcoin dump and gather most of the bitcoins for the cheap price. That is the actual plan of them. I am sure after some months or year of time we will find the legal use in all the place wherever bitcoin not used or banned.

[lalabotax]

very unfortunate that became the decision of china country. but I think that is the absolute decision of a country. but however, whatever China will do, it will not have a major impact on the development of crypto today. the more china attacks bitcoin, the larger bitcoin becomes stronger. that's what's happening now.

[heppot]

very unfortunate that became the decision of china country. but I think that is the absolute decision of a country. but however, whatever China will do, it will not have a major impact on the development of crypto today. the more china attacks bitcoin, the larger bitcoin becomes stronger. that's what's happening now.

absolutely true and i agree with you, the more countries attacks bitcoin the more bitcoin becomes popular.
some time you need advertising to promote your products but bitcoin just need some attacks to promote it self lol.

[muddy waters]

I think China will be the first country. which will settle everything at the state level first, and then simply remove the cream.

[Stasnislav11]

in China blocked Facebook, Twitter, Youtube, Instagram and Googles and much more I think the Chinese government is blocking everything that they do not create themselves, I think the news about the ban on trading in China should not have greatly upset you just accept it, especially if you are there do not live

[MaiQwaN]

China has a very long and wise history.
This is an Eastern philosophy that is not understood by many Westerners.
It is unlikely that China does not understand that crypto-currencies are advanced technology.
There is some kind of dirty trick. 

[BeruchN]

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.

Indeed, I don't think they'll be able to ban it completely. They might try to ban a few specific coins but people will think of something in the end.

[crush]

It won't affect crypto world for a long time, unless trade crypto currency in China illegal.

[CryptoBuds]

They are not able to forbid everything related to crypto. I think that any ban leads only to the growing of underground deals. This won't help the government to control the crypto market at all.

[Mometaskers]

Do you have any links for this news? I was expecting that China would eventually move to ban all competitors of the yuan (or whatever digital currency they replace it with) though not this early. But then again, people would just move to other platforms. This might even entice people in other countries with no ban to set up their own exchanges should larger ones in China gets shut down. It's also likely that those exchanges would just try to relocate elsewhere. The only vulnerable part of the system are the miners though there are some interests being shown in other countries with cheap electricity (for example Norway). The genie has been out of the bottle, trying to put it back in is like playing whack-a-mole.

[Nukleo]

China is manipulating the market, in fact, as usual, I think nothing will happen.

[InGODweTrast3]

The Chinese are very clever and cunning people and I think they will easily find a solution to bypass any prohibitions in this area!)

[ArifBestari]

is it even legal to have any coins in China except Bitcoin? I see that also a lot of ICOs have restrictions concerning Chinese region.