A ban on trade in China

[dlhezter]

if this true, we are facing a big effect on crypto world and has a massive impact again to decrease the price of bitcoin, and not just bitcoin but all crypto currency either. lets hope that theyll change their mind and get allowed those people of them who already involve in crypto.
or maybe this is a another FUD news to make a massive panic in crypto world again.

[alt-fire]

fake news again piled up the market, this way of controlling the market works without failure.
I think this is not the last bad news)

[QFT]

Feels like the same shit just a different day. How many times haven't we heard ban this ban that.

[pacifiko]

And here we go. All cryptocurrency red now because of the news. The China government makes a big mistake. They can not delay our future financial instrument.

[Tonygold1967]

you ban things you can't control, if thing can't be controlled by china it looks like a good investment to me

[Faruque312]

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.

where you found this news? can you please show us?  actually I can't believe china block cryptocurrency. So you should clear with us.

[Tactical Genius]

Whether it is FUD or plain truth just bear in mind that won't last any longer.Many people worldwide are buying into the dip and with time we will be back in business.Asian markets are huge but not bigger than the rest of the world.

[supine]

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.

China likes playing some games, spreading FUD and canceling all their announcements when prices drop. Expect it from China because they are all good market manipulator. Just join the ride when prices dump, will sure recover again in short span of time.

[hdtqisg]

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

I agree with you! But china have big exchange and member! So this is a bad information with me!

[rodmanqs]

Last week, I told you that I expect the market to grow if news from China does not interfere. The Chinese government, after reading my post at the general meeting, still made a decision to prevent it.

And so, here are a few reasons why newcomers panic all their assets, and give experienced traders an opportunity to make money on this (insider information is not yet, all the below is found on the Internet):

1) The Chinese government intends to fully control the trade in crypto-currencies. The ban will affect online platforms and mobile applications;

2) The Chinese government plans to block access to local and offshore platforms that allow for centralized trade;

3) The Chinese government plans to take action against individuals and companies that provide market-making, settlement and clearing services for centralized trade;

4) The government of China last week announced that it intends to put an end to the mining of bitcoins in the country due to high energy consumption, as well as financial risks.

These are just the reasons for the big players to create good market fluctuations, intimidate newcomers and make money on it. This situation is an excellent opportunity to enter the market for those who have Fiat or transfer their funds from Bitcoin to the Altkoins, since they sagged a lot more, so the recovery will be more interesting than Bitcoin.

UPD. There was a 5th variant: Also, the reason for everything could be the approaching New Year in China. The Chinese merge the crypt to buy gifts and tours abroad, because during this period, they have the longest holidays (7 days). And we must remember that China is one of the largest and most active players in the market.

[cryptogeek101]

WEEEEE!!!!!! Another FUD thread.

China hasn't banned shit except for centralized exchanges.

ICOs are technically still legal there if they register with their securities commission etc.

There are still buttloads of vendors on Taobao who accept BTC.

There are tons of Wechat/QQ groups where P2P trading goes on in fairly massive volumes.

China has fiat xferz with little to no chance of chargebacks making P2P exchanges a lot more secure.

What has caused a large percentage of the blip is Coinbase's bank no longer wanting to handle foreign customers' wire transfers.

After going true the various interpretations about the possible causes of the recent dive nosing of the cryptocurrency financial vehicles, I think I will go with your own opinion. It gives me much confidence and it goes to prove that you are a real and an experience hero. Thanks for your efforts

[Denlv]

About ban crypto in China on trade exchanges ...i think its scam,dont belive..... I belive they ban more peoples who buys,sales crypto illegali,btw if they ban all crypto than folks with big cash migrate to another country and do what they do in China simple

[Leocrypto da Vinci]

It seems to me just a try - well done, actually - to manipulate the market: China says that blocks crypto currency -> cryptocurrency lose value -> chinese investors buy crypto at low price -> China say that changed his mind -> chinese investors makes huge profit

[xsaints128]

Last time China spread the FUD and btc went from 5000 to 2800 , this time China and South Korea spread FUD the price as of this moment is 10120$ on Binance. It seems that it has become a custom for China to spread FUD.

[Zicadis]

Am starting to think the world is fine with cryptos but the issue here is how easy it is to use crypto services under a pseudonymous name which is what has sparked the regulation battles.
While china and other countries are trying to drag cryptos to their death, Japan’s Largest Bank is set to Launch a Cryptocurrency Exchange, source https://news.bitcoin.com/japans-largest-bank-to-launch-cryptocurrency-exchange/.

[RoonyBlack]

How many times will the Chinese crash the market? I mean same song every new season. Is there any trading happening within China left? Why should they matter? I don't get it.

[anasso]

unless shutting down the internet, no one can shut down crypto trading.

chinese or whatever can use vpn to acces to foreign website exchanges.

[yareklamator]

It's no secret that China has very low salaries. It seems that the government is struggling against their people, who will be a little richer and stop working for three cents. So they impose sanctions.

[Muhammad Muneeb]

definately it is not a good news for the people who are holding crypto in china and it would not be easy to ban the peer to peer transactions..

[Snarks]

A lot of you think it's FUD, but the rumors that China would ban ICOs a few months ago turned out to be true and even worse, they banned exchanges from doing any cryptocurrency trading at all. I wouldn't be so assured it's only rumors this time either.