Today's news: Chinese gov restricts Crypto again...

[captain_blood]

Cryptocurrency-related advertisements have stopped appearing on Chinese search engine Baidu and social media platform Weibo, amidst reports of China’s government tightening cryptocurrency and Initial Coin Offering regulations on Sunday, Feb. 4.

The Financial Times of the People’s Bank of China (PBOC) was told today, Feb. 4, that China will further increase regulatory pressure on cryptocurrency exchange sites and Initial Coin Offerings (ICOs), Chinese news site Sina reported.

Seems cryptocurrency will not recover so much in a short time...

As early as September 2017, the Chinese government has banned ico and closed all exchanges in the country. Therefore, all ico and crypto-currency trading are illegal in China.
Therefore, I wonder why the Chinese government will once again ban it. This is illogical.

They just tighten their hold by extending the BAN to some websites they can control. We all know that for all of the SIN committed on earth, money laundering is the MORTAL sin for every COUNTRY, number one in China, they want full control of their FIAT money, by extending its rage against ICOs and the likes, we can conclude that China just making it more difficult for every person in their state to commit money laundering.

[Jonsnowstark]

We all know that since the beginning, the chinese government are doing ways to ban crypto in their country knowing that there are lot of chinese investors in the crypto world. This has happened so many times and they know this will affect the price of bitcoin. This i think is a strategy by the whales to pull down the bitcoin price even more so they can buy cheap.

[0t3p0t]

Cryptocurrency-related advertisements have stopped appearing on Chinese search engine Baidu and social media platform Weibo, amidst reports of China’s government tightening cryptocurrency and Initial Coin Offering regulations on Sunday, Feb. 4.

The Financial Times of the People’s Bank of China (PBOC) was told today, Feb. 4, that China will further increase regulatory pressure on cryptocurrency exchange sites and Initial Coin Offerings (ICOs), Chinese news site Sina reported.

Seems cryptocurrency will not recover so much in a short time...

Chinese community plays big role in the cryptocurrency world because they have bigger community and most of them are investors that is why countries like China that has strong implementation of rules in crypto affects the price of Bitcoin and any other crypto's. But still we all know that bouncing back will happen anytime soon since majority of countries are into supporting crypto's. I think not only China did that thing but also other countries too. Here in my country we have already regulated by the government and we have no problems so far. But in other countries the struggle is real. It is okay if ICO's are regulated for our safety but if they were stereo typing crypto's I think we are the most affected people on earth wherein plummet is real but what is interesting is that every downfall will be our opprtunity to buy some so there will be no loss because both sides has win/win situation unless we are doing it right. Social medias like facebook also has rumors of stopping ads for cryptos but still not a big deal for me. It will just give us chance to invest in a more cheaper way.

[pkb007]

I think this type of news effect on the cryptocurrency related people. Actually this type of news are really boring. There are lot of chinese investors in the cryptocurrency. They are suffering from this news. I think it also effect on all coin in crypto market.

[Deancooel1]

I think the news is nothing more than a lie, I often hear bad news especially from China, thank you for the information given, and if cryptocurrency can not recover in the near future, we just have to wait

[Benarand]

Why did everyone conspire against the crypto currency? Everyone for some reason refuses it. Against the backdrop of bad news, prices fall on coins. It remains only to wait for the best.

[hdclover]

What's wrong with China? Or the news reporters? We are in the middle of an ocean without any clue what's really going on China. How many times they can ban or restrict Cryptos? This is getting ridiculous. Panic selling is happing in the whole market and those newbies who entered in December are getting off.

[alex_kir]

Oh my God how much you can shake this market, I'm just starting to get tired of China's attempts to block crypto-currencies in the territory of its country, so probably it's already worth noting this very seriously. Well, what if it does? What's bad about it? Let them block.

[Tylev]

Indeed, it seems that while they understand the price of bitcoin intentionally. This has its positive aspects: it means that bitcoin will soon grow in price. As for the news about the tightening of the rules in relation to the crypto currency from China, they themselves have little effect on the crypto currency, but in general, along with other similar news from South Korea and India, give a bad picture.

[AiwaDima]

In my opinion, this is simply a manipulation of politicians who simply can not allow ordinary people to make money on crypto, and therefore launch such news.

[jm1121]

I agree.  They will ban it for their citizens and buy it themselves at a lower price.

[spadormie]

These Koreans, Chinese and Americans are really pain in the ass. It is so sad that these people are making bitcoin worse as much as possible for them to buy a the dip. FUD here, FUDS there. That's what they are doing because they know what is the capability of cryptocurrency. THEY ARE THE REAL OPPORTUNIST! So sad that these people are taking over us.

[palle11]

The estopping of the usage of cryptos have been a long time struggle. In the short time, It is a way to instigate panic selling.

On the other side,  if at all, I see the struggle being to achieve some level of sanitation in the crypto world to push out mediocre. These countries will come around in the long term.
It will work to protect investors , guiding against shit icos .

However, history has also shown that change is always resisted. Crypto is new and trying to gain grounds.

[housebtc]

Most people here are helping to fuel these FUD, we all know the attitude of Chinese Government to Crypto to Cryptocurrencies, I believe they are stiffening new industry to strive, time will show if they are right or wrong about this

[bering]

apparently china always can be have affect for price movements and after they were published bad news and suddently major cryptocurrencies has dropped and although most people say no need to panic but they should be worried because to recover back to $19k again for bitcoin it will took more time to do so

[styca]

Cryptocurrency-related advertisements have stopped appearing on Chinese search engine Baidu and social media platform Weibo, amidst reports of China’s government tightening cryptocurrency and Initial Coin Offering regulations on Sunday, Feb. 4.

The Financial Times of the People’s Bank of China (PBOC) was told today, Feb. 4, that China will further increase regulatory pressure on cryptocurrency exchange sites and Initial Coin Offerings (ICOs), Chinese news site Sina reported.

Seems cryptocurrency will not recover so much in a short time...

Surely the market can't go much lower. It is already at the point where it should be if we put a straight line through from the part of last year pre-December... but who knows? Everything looks a bargain at the moment, but I suppose time will tell.

[max6575]

following use with the theoretical economics,
those with the mention on message to shows:

parts with the manage of work as distinguished scenes of governance and the business to leaves as both with the shifts on directionals works with the release of message as official arrange of manage with the extensives of shifts with the entrance,
as returning consequence on offering public to work on exchange as might to put of displacement of spares with the chance as following of attains with the involvesment for the schemes of the business with the crypto currency market of the finance.

[Hamstead]

Cryptocurrency-related advertisements have stopped appearing on Chinese search engine Baidu and social media platform Weibo, amidst reports of China’s government tightening cryptocurrency and Initial Coin Offering regulations on Sunday, Feb. 4.

The Financial Times of the People’s Bank of China (PBOC) was told today, Feb. 4, that China will further increase regulatory pressure on cryptocurrency exchange sites and Initial Coin Offerings (ICOs), Chinese news site Sina reported.

Seems cryptocurrency will not recover so much in a short time...

It looks like, this year might be the hardest challenge of crypto world.  Because it happens that,  more countries will have banning cryptocurrencies than of previous years.  Though the effect is just in slow motion but it really seen to be going dip badly.

[iSkyCastle]

It's going to require a lot of additional manpower to further restrict the crypto market.

[yoyolife121]

Cryptocurrency-related advertisements have stopped appearing on Chinese search engine Baidu and social media platform Weibo, amidst reports of China’s government tightening cryptocurrency and Initial Coin Offering regulations on Sunday, Feb. 4.

The Financial Times of the People’s Bank of China (PBOC) was told today, Feb. 4, that China will further increase regulatory pressure on cryptocurrency exchange sites and Initial Coin Offerings (ICOs), Chinese news site Sina reported.

Seems cryptocurrency will not recover so much in a short time...

not a good move by the Chinese government for their country now the market will be shook because of this move