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

[KryptoKai]

They can squeeze it as much as they want but the fact is that the people want it an one way they are going to get it. They tried to block google so people use a vpn. If they block exchanges, people will use decentralised exchanges. Even if they ban crypto coins people will invest and trade in privacy coins. It cannot be stopped!

[Minecache]

I'm sure that even after such bad news (I guess it's no more than just FUD and fake news) bitcoin and the market will recover. People are interested in crypto so they will find a way to learn about it anyway.

[Sartrute]

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...

After the previous ban, there was a huge growth. So hold the position in the crypt. If possible, buy more. This will give an incredible profit already this year.

[Washball]

It's not that negative, this news from China. They want to have regulations and they're keeping an eye on exchanges and ICO's, in order to stop criminal activities. Besides, it's not only China, there are several countries thinking about regulations. The G20 conference will discuss this issue tomorrow.

[sylance]

I've been recommending privacy based coins for months as it became clear governments weren't going to tolerate crypto when BTC hit $20k.  I believe this put many big institutions (banks, agencies, and governments) into a panic and at least some of the FUD we have today is because of it.  This recent news from China shouldn't come as a surprise to anyone and in fact I'm surprised it took this long.

I also believe that coins like DeepOnion that leverage TOR and the new obfuscation tech will be where people will store value.  It's already been proven that governments can track bitcoin transactions down to the citizen so privacy based coins will grow like crazy.  Once we really figure out decentralized exchanges and connect that to TOR then there'll be no stopping crypto from fire-walled citizens.

[v0rtecxz]

a pretty bad news, but the impact is quite pronounced for the market price, the decline is pretty much going on lately, but I still think positive where things like this ever happened but bitcoin can easily deal with everything and recover even more up, this is only my estimate may be very silly, they may just want to play the value of the market, so the price continues to decline so they can buy it at a Cheap price and reverse the situation as in the past year, how things improved after bitcoin suffered a pretty grumpy decrease

[eugenefonts]

We used to hear or read that china will ban crypto they always repeat it are we idiot??? Common think about it they are just manipulating us, they take the chance that market is down then they said it again CHINA WILL BAN CRYPTO ,they said it before last september 2017. Are we not used to it??? And Government are thinking again what will there next plan and strategy to tottaly kill crypto!  Crypto is the future currency so why you are selling it? I think sooner or later goodnews will come when whales take their position at the deepest level.

[deepcoreotc]

Come on, they "ban" crypto every few months. What the heck is happening with them?

[sparkystacey]

... three months later China Daily reports China to launch its own cryptocurrency for the world.

China is trying to make it difficult for illegal orgs that have lots of power there. But China is China, and they know this is a big thing. They will make crypto work for them, don't worry. It's just a matter of time.

[Grim149x]

Doesn't matter for those who look beyond. Again, this is the future we are talking about and no one can stop the crypto revolution. Development is getting faster and faster as more innovation is being presented and used.

[OuterTech]

After reading your topic. I think this is the negative information that will affect the rates of the entire cryptocurrencies market. It has also been reported that the Indian government banned all cryptos in their country but the truth is not so. So it is complicated for China to entirely ban cryptocurrencies because the state now owns the world's largest cryptos trading platform - Binance.

[iRakic]

... three months later China Daily reports China to launch its own cryptocurrency for the world.

China is trying to make it difficult for illegal orgs that have lots of power there. But China is China, and they know this is a big thing. They will make crypto work for them, don't worry. It's just a matter of time.

I agree with you. As a major financial force, there is no way that they won't buy their ticket for this ride. Their efforts have a good purpose, but they are aiming in a wrong direction. Cryptocurrencies are the future ally, not an enemy. Meanwhile, in my opinion, privacy coins are a good solution. We can not ignore the governments, but we can find a way to use our rights and keep our crypto- story alive. Verge, XSPEC, and DeepOnion are TOR integrated, and obsf4 that last two have implemented make using cryptocurrencies possible even in countries that "don't like" TOR and that are trying to suppress crypto in overall. Also, investing is altcoins, in general, is a smart move. Cryptocurrencies can't and will not be ignored.

[bamb]

There is no point arguing with Chinese government! Bitcoin is transnational and it can not be stopped. There will still be miners in China and those that will trade from China without been caught! We have anon gateway, vpn etc. We have superior tech more than mainstrream could imagine!

[Veterock]

Bad news!Every day!!What's the time?I beg crypto god every day))

[crypto440]

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...

great this is bad for their economy why do these governments bans crpytos their are other major issues why not go for them?

[newcoin1]

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...

great this is bad for their economy why do these governments bans crpytos their are other major issues why not go for them?

[Opurum]

From the S. Korea trigger zone an avalanche of fear, uncertainty and doubt is submerging the cryptosphere. We all hope for the best as we watch our dear coins bleed to coma.

[aussiesloth]

While governments like China (and others) try to ban or impose restrictions on crypto, in the long-term, there are just too many practical applications being brought to market on blockchain for those countries to keep it banned.  ICO's such as FarmaTrust, Shipchain, Cube Intelligence and Restart Energy provide real-world industry applications for crypto.  

In addition, ICOs like GBX will help to legitimise the way new ICOs come to market, thereby reducing the likelihood of scam ICOs - this will improve investor confidence, and if extrapolated out on a timeline, should lead to renewed acceptance by countries such as China who are currently taking a negative/wary stance on crypto.

[smyslov]

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...

Yes it does reflect on the price, and it will take some time to recover it seems everyone's in a panic and selling mode, only time can tell if they are making or have made the right decision, Bitcoin is only 8 or 9 years old the technology is very young, maybe we are in transition.

[marcbitcoins]

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...

This is better than totally banning digital currencies. Restricting the ICO and all investing sites is the right thing to do to ensure that the ICO is not a scam in which it will put their citizens money at risk. This is what of South Korea is doing too right now as they have just dicovered a huge amount was loss during their Iocal exchanges are not yet restricted before but again this is better than totally banning all digital currencies.