Bitcoin Forum
January 22, 2019, 09:26:49 AM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: China central bank will launch crackdown on virtual currencies .  (Read 109 times)
kyoshiro0911
Newbie
*
Offline Offline

Activity: 66
Merit: 0


View Profile
March 29, 2018, 12:01:25 PM
 #1

BEIJING (Reuters) - China’s central bank will launch a crackdown on all types of virtual currencies this year, a vice governor of the central bank said on Thursday.

A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing, April 3, 2014. REUTERS/Petar Kujundzic
The central bank will also push forward the research and development of its own digital currency this year, Fan Yifei said in a statement posted on the website of the People’s Bank of China (PBOC).


source :reuters.com

What do you think about this report ?? I lost 40% my capital with this storm , so sad !!  Cry Cry
1548149209
Hero Member
*
Offline Offline

Posts: 1548149209

View Profile Personal Message (Offline)

Ignore
1548149209
Reply with quote  #2

1548149209
Report to moderator
1548149209
Hero Member
*
Offline Offline

Posts: 1548149209

View Profile Personal Message (Offline)

Ignore
1548149209
Reply with quote  #2

1548149209
Report to moderator
1548149209
Hero Member
*
Offline Offline

Posts: 1548149209

View Profile Personal Message (Offline)

Ignore
1548149209
Reply with quote  #2

1548149209
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Kemarit
Legendary
*
Offline Offline

Activity: 1148
Merit: 1113


View Profile
March 29, 2018, 12:20:38 PM
 #2

BEIJING (Reuters) - China’s central bank will launch a crackdown on all types of virtual currencies this year, a vice governor of the central bank said on Thursday.

A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing, April 3, 2014. REUTERS/Petar Kujundzic
The central bank will also push forward the research and development of its own digital currency this year, Fan Yifei said in a statement posted on the website of the People’s Bank of China (PBOC).


source :reuters.com

What do you think about this report ?? I lost 40% my capital with this storm , so sad !!  Cry Cry

Hmm. Isn't it that the Chinese government is already waging war against crypto since September of last year? How come you still lost 40% when they are no longer the superpower that they once are? I don't think that this is very surprising to be honest, that's why I believed that the next crackdown will be the bitcoin mining farm. If you are taking as to was causes the downtrend today, I don't think that this is one of the major factors as many of us already know that they already turn their backs on us. As far as their own digital currency, nah, I don't think that they will be successful, people wants decentralizes crypto not something back up by government with heavy taxes on them. Might as well go for stocks or mutual or any other trading portfolio.

kyoshiro0911
Newbie
*
Offline Offline

Activity: 66
Merit: 0


View Profile
March 29, 2018, 12:36:02 PM
 #3

 Undecided
BEIJING (Reuters) - China’s central bank will launch a crackdown on all types of virtual currencies this year, a vice governor of the central bank said on Thursday.

A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing, April 3, 2014. REUTERS/Petar Kujundzic
The central bank will also push forward the research and development of its own digital currency this year, Fan Yifei said in a statement posted on the website of the People’s Bank of China (PBOC).


source :reuters.com

What do you think about this report ?? I lost 40% my capital with this storm , so sad !!  Cry Cry

Hmm. Isn't it that the Chinese government is already waging war against crypto since September of last year? How come you still lost 40% when they are no longer the superpower that they once are? I don't think that this is very surprising to be honest, that's why I believed that the next crackdown will be the bitcoin mining farm. If you are taking as to was causes the downtrend today, I don't think that this is one of the major factors as many of us already know that they already turn their backs on us. As far as their own digital currency, nah, I don't think that they will be successful, people wants decentralizes crypto not something back up by government with heavy taxes on them. Might as well go for stocks or mutual or any other trading portfolio.
I lost 40% capital cause i joined crypto market when bitcoin's price is 12k$ .At my point of view,when chinese govement and chinese  give some bad new with crypto market ,the market go down imediately . The capital form china is too much and they can do anything  Undecided. But i saw many people took profit with "storm" at crypto market. I think i'm not goot and don't have enough knowledge for alive at this market. How about you ? Are you ok in this time ?
aoluain
Sr. Member
****
Offline Offline

Activity: 700
Merit: 282


★777Coin.com★ Fun BTC Casino!


View Profile
March 29, 2018, 12:45:27 PM
 #4

You will only loose your capital if you cash out now that the values are lower.
You will be ok if you hold what you have because in crypto terms you still have
everything. The only thing that has changed is the FIAT value.


kyoshiro0911
Newbie
*
Offline Offline

Activity: 66
Merit: 0


View Profile
March 29, 2018, 01:26:09 PM
 #5

You will only loose your capital if you cash out now that the values are lower.
You will be ok if you hold what you have because in crypto terms you still have
everything. The only thing that has changed is the FIAT value.


i'm holding XVG and CMT rightnow , with a newbie like me , trade at this time is not good . I lost too much when go to Crypto market with too much knowledge . what a expensive lesson !! Hope i can study more at this forum Cheesy
warrior333
Sr. Member
****
Offline Offline

Activity: 406
Merit: 253


View Profile
March 29, 2018, 01:35:40 PM
 #6

Perhaps these statements are another fake in order to reduce the price of bitcoin. But I can reassure everyone. Any digital currency controlled by the government has no difference from Fiat. All users of cryptocurrencies use them because they want to get away from centralization. People will not buy the digital assets of governments.
BrewMaster
Hero Member
*****
Offline Offline

Activity: 1064
Merit: 689


There is trouble abrewing


View Profile
March 29, 2018, 02:28:45 PM
 #7

"crack down on cryptocurrencies" and meanwhile PBoC is creating "their own cryptocurrency"! can they be more obvious than this? they are trying to force their centralized altcoin on their people!

What do you think about this report ??

i find it very interesting and i would love to see how that turns out. in fact i am sure a lot of others (i mean the government of different countries) are as curious as i am about this and want to see what happens!

my guess is that it will gain some traction but it won't even come close to bitcoin and probably most of the altcoins because of a simple fact: it is centralized to PBoC and you can't fight bitcoin!

tomahawk9
Sr. Member
****
Offline Offline

Activity: 686
Merit: 287


Make winning bets on sports with Sportsbet.io!


View Profile
March 29, 2018, 02:41:41 PM
 #8

Market is currently on a downtrend and all of a sudden bearish articles are published...like clockwork. Also, this "news" is just a 2 line article, a bit odd isn't it? feels like a lame attempt to spread FUD by using the keywords "China", "crackdown", "virtual currencies".

And I don't think there's anything left to crackdown on, unless they want to push for more aggresive regulations. About their digital currency, no one cares, it's only relevant to chinese citizens.

   ▄▄██████▄▄
  ████████████
███▄▄
 ██████████████▀▀▀██▄
████████████████   ▀██▄
████████████████     ▀██
██████████████       ██▌
██████████████        ▐██
██▌▀▀██████▀▀         ▐██
▐██                   ██▌
 ██▄                 ▄██
  ▀██▄             ▄██▀
    ▀██▄▄▄     ▄▄▄██▀
      ▀▀█████████▀▀





███████████████████████████
███████████▀▀         ▀▀███
████████▀   ▄▄██▄  ▀█▄  ▀██
██████▀  ▄████████▄  ▀█  ██
████▀  ▄██████▄▀  ██▄    ██
███▀  ██████▄▀  ▄▀████▄  ██
██▀  █████▄▀  ▄▀██████  ▄██
██  ▀███▄▀  ▄▀███████  ▄███
██    ▀██▄▄▀███████▀  ▄████
██  █▄  ▀████████▀  ▄██████
██▄  ▀█▄  ▀██▀▀   ▄████████
███▄▄         ▄▄███████████
███████████████████████████
███████████████████████████
████████▀▀       ▀▀████████
█████▀   ▄ ▀███▀ ▄   ▀█████
████  ▄████▄ ▀ ▄████▄  ████
███  ▄ ▀███▀ ▄ ▀███▀ ▄  ███
██  ▄██ ▀▀ ▄███▄ ▀▀ ██▄  ██
██  █▀ ▄█ ███████ █▄ ▀█  ██
██   ▄███▄ █████ ▄███▄   ██
███  ████▀ ▄▄▄▄▄ ▀████  ███
████  ▀ ▄ ▀█████▀ ▄ ▀  ████
█████▄  ▀▀▄ ███ ▄▀▀  ▄█████
████████▄▄       ▄▄████████
███████████████████████████
████████     INDUSTRY LEADING BITCOIN SPORTSBOOK     ████████
LIVE
STREAMING
DAILY PRICE
BOOSTS
LIVE DEALER
CASINO
FAST & SECURE
PAYMENTS
███████████████████████████
████████▀▀       ▀▀████████
█████▀  ▄█▄  ▀  ▄▄   ▀█████
████  ▄  ▀    ▀█████▄  ████
███  ▀█▀   ▀█▄   ▀▀██▄  ███
██  ▄    █▄  ▀██▄▄  ▀█▄  ██
██  █▀ ▄  ▀█▄  ▀███▄  ▀  ██
██    ▄██  ▀██▄  ▀███▄   ██
███  ▀████  ▀███▄  ▀█▀  ███
████  ▀████  ▀████▄    ████
█████▄   ▀▀█▄  ▀▀▀   ▄█████
████████▄▄       ▄▄████████
███████████████████████████
███████████████████████████
████████▀▀ █████ ▀▀████████
█████▀    ▄█████▄    ▀█████
██████▄▄█▀▀ ▄▄▄ ▀▀█▄▄██████
███▀███▀ ▄███▀███▄ ▀███▀███
██   █ ▄██▀     ▀██▄ █   ██
██   █ ██         ██ █   ██
██   █ ▀██▄▄█ █▄▄██▀ █   ██
███▄███▄ ▀██▄▄▄██▀ ▄███▄███
██████▀▀█▄▄ ▀▀▀ ▄▄█▀▀██████
█████▄    ▀█████▀    ▄█████
████████▄▄ █████ ▄▄████████
███████████████████████████





[.
WIN WITH US!
]
Mometaskers
Hero Member
*****
Offline Offline

Activity: 966
Merit: 548



View Profile
March 29, 2018, 02:52:26 PM
Last edit: March 29, 2018, 03:15:04 PM by Mometaskers
 #9

What else is new? Can you post the link to the article here so we can read it?

Cracking down on ALL cryptos would be too harsh and I'm not sure if they'll push through with that and include bitcoins. AFAIK, they do earn from those miners. Electricity there is cheap and it brings money in when those btc get sold.
ibuddy122505
Sr. Member
****
Offline Offline

Activity: 756
Merit: 250


View Profile
March 29, 2018, 02:59:17 PM
Last edit: April 18, 2018, 05:01:48 PM by ibuddy122505
 #10

BEIJING (Reuters) - China’s central bank will launch a crackdown on all types of virtual currencies this year, a vice governor of the central bank said on Thursday.

A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing, April 3, 2014. REUTERS/Petar Kujundzic
The central bank will also push forward the research and development of its own digital currency this year, Fan Yifei said in a statement posted on the website of the People’s Bank of China (PBOC).


source :reuters.com

What do you think about this report ?? I lost 40% my capital with this storm , so sad !!  Cry Cry
I've also lost money. Here's my position long-term hold in anyway. But if you can't lose, just sell. It's been a 3 month downtrend, and continuing to tank. Here, Another FUD but another reason the market is bleeding. we need to stop spreading FUD rather than keep spreading the good news.
jseverson
Hero Member
*****
Offline Offline

Activity: 854
Merit: 650

On holiday until early January


View Profile
March 29, 2018, 03:06:37 PM
 #11

Here's the entire link of the article:

https://www.reuters.com/article/us-china-finance-digital-currency/china-central-bank-will-launch-crackdown-on-virtual-currencies-idUSKBN1H515L

It's just...completely devoid of facts lol. Seems like a crackdown was announced without any details, and that's the end of that. But uh, how much more damage could they possibly inflict? All that's really left is a complete ban and I honestly don't think it will have drastic effects at this point. Maybe mining is next?

Either way, what they will do next is all conjecture at this point as they didn't even say how or exactly what they will crack down on.

JuniAiko
Member
**
Offline Offline

Activity: 126
Merit: 10

DOGE:DDvXm3ZkXSFeZF9YVaTWGNyBZzfwVf8nnh


View Profile WWW
March 29, 2018, 03:09:05 PM
 #12

There are a lot of other smaller friendlier countries that investors and crypto-startups/companies can always move off to. Wink
Binance have already done it. Hopefully more would follow.

[|NEO|ONT|XLM|WAN|ADA|ELA|VEN|EOS|NCASH|TRX|IOTA|>
Mometaskers
Hero Member
*****
Offline Offline

Activity: 966
Merit: 548



View Profile
March 29, 2018, 03:20:17 PM
 #13

Here's the entire link of the article:

https://www.reuters.com/article/us-china-finance-digital-currency/china-central-bank-will-launch-crackdown-on-virtual-currencies-idUSKBN1H515L

It's just...completely devoid of facts lol. Seems like a crackdown was announced without any details, and that's the end of that. But uh, how much more damage could they possibly inflict? All that's really left is a complete ban and I honestly don't think it will have drastic effects at this point. Maybe mining is next?

Either way, what they will do next is all conjecture at this point as they didn't even say how or exactly what they will crack down on.

Thanks for sharing the link. Totally uninformative article LOL. It's like they just met him on his way to the office and got a really short reply.

I wonder how mining would work with BTC banned in China though. You think the government would allow the miners to remain but would have to sell the coins to them?  I hope not since that would be more damaging to BTC's reputation than outright shutting down the mines.
JuniAiko
Member
**
Offline Offline

Activity: 126
Merit: 10

DOGE:DDvXm3ZkXSFeZF9YVaTWGNyBZzfwVf8nnh


View Profile WWW
March 29, 2018, 03:21:04 PM
 #14

I never trust these ignorant mainstream media for crypto news anymore.

[|NEO|ONT|XLM|WAN|ADA|ELA|VEN|EOS|NCASH|TRX|IOTA|>
cryptojac17
Full Member
***
Offline Offline

Activity: 448
Merit: 107



View Profile
March 29, 2018, 03:23:59 PM
 #15

Here's the entire link of the article:

https://www.reuters.com/article/us-china-finance-digital-currency/china-central-bank-will-launch-crackdown-on-virtual-currencies-idUSKBN1H515L

It's just...completely devoid of facts lol. Seems like a crackdown was announced without any details, and that's the end of that. But uh, how much more damage could they possibly inflict? All that's really left is a complete ban and I honestly don't think it will have drastic effects at this point. Maybe mining is next?

Either way, what they will do next is all conjecture at this point as they didn't even say how or exactly what they will crack down on.
Yeah  I don’t know if it  is true or just  a fake news new s like this  Is a black propaganda made by some unscrupulous people, if China government will ban crypto currency it must have a complete policy details on how  the law take  effects. Will let just see it before we conclude if its true or not.

braindeadgenius
Jr. Member
*
Offline Offline

Activity: 115
Merit: 8

For Hire


View Profile WWW
March 29, 2018, 03:30:16 PM
 #16

The chinese government, or government backed company, is cracking down on what you're allowed to do? Who would have ever guessed the censorship?

A lot of banking institutions around the world have a problem with it, and for good reason, and same to the governments. It just goes to show how controlled we all are, even if we think we are free.
mrtryonebiggums
Full Member
***
Offline Offline

Activity: 294
Merit: 111


Decentralized Waste Management


View Profile
March 29, 2018, 03:56:34 PM
 #17

You will only loose your capital if you cash out now that the values are lower.
You will be ok if you hold what you have because in crypto terms you still have
everything. The only thing that has changed is the FIAT value.


i'm holding XVG and CMT rightnow , with a newbie like me , trade at this time is not good . I lost too much when go to Crypto market with too much knowledge . what a expensive lesson !! Hope i can study more at this forum Cheesy
Welcome to the world of crypto it has happened to all of us here. If you put in the dedication and time, you should be able to wiggle yourself out of that hole in no time! Smiley

sindikat
Full Member
***
Offline Offline

Activity: 336
Merit: 106


View Profile
March 29, 2018, 04:35:14 PM
 #18

I don't understand why people care what the Chinese think. Every cryptocurrency user should believe in the future of this asset. We've heard so many times how much people believe in him. Where's the evidence? I believe so don't sell coins and do not panic. When people will believe and want to use bitcoin they will always find an opportunity to use cryptocurrencies.
darkangel11
Legendary
*
Offline Offline

Activity: 1274
Merit: 1056


View Profile
March 29, 2018, 04:43:34 PM
 #19

Quote
The central bank will also push forward the research and development of its own digital currency this year, Fan Yifei said in a statement posted on the website of the People’s Bank of China (PBOC).

This is the most important part that makes all the rest of the news unimportant. They can say all they want, how they will fight crypto, how crypto is bad and is a bubble, but when at the same time they're making their own it makes them look like clowns. They shut down all the competition, because they can, because they are the lawmakers, so they can outlaw whatever they like, and then they make their own crypto to make money of the boom.
I can hear those corrupt Chinese politicians screaming at each other "No crypto is legal but our crypto" "You trade crypto you go to jail, you trade our crypto, you are fine!" "let's drink to that comrade!"  Grin
iv4n
Legendary
*
Offline Offline

Activity: 1204
Merit: 1011


THE ENERGY EFFICIENCY PROTOCOL


View Profile
March 29, 2018, 06:01:26 PM
 #20

I started to watch Mr. Robot serial, I am close to an end of second serial. Interesting serial, one of the most interesting is collision between Chinese government and group of hackers. Do you think its possible to be like that in reality? I believe in that, Chinese are saying one thing today, tomorrow they do something else. How good they are in spinning news we saw with bitcash last year, and amount of fud that came from them,
I`m tired of them, I don`t even care about what they are saying because all they care is their own interest, they don`t care about ordinary people. They are manipulators, and believe me they don`t plan to crack down crypto, you will see, they will be one of the first countries that will be full crypto. They have a lot of technology and there is other future for them, what will be their main crypto currency, what will they allow to be traded there we will see.

.


▄▄██ █████ █████ █████ █████ ██▄▄
▄████ █████ █████ █████ █████ ████▄
████▀  ▀███ █████ █████ █████ █████
▄▄▄▄    ▄▄▄ ▄▄▄▄▄ ▄▄▄▄▄ ▄▄▄▄▄ ▄▄▄▄▄
████    ███ █████ █████ █████ █████
████    ███ █████ █████ █████ █████
▀▀▀▀    ▀▀▀ ▀▀▀▀▀ ▀▀▀▀▀ ▀▀▀▀▀ ▀▀▀▀▀
████    ███ █████ █████ █████ █████
████    ▀▀▀ ▀▀▀▀▀ ▀▀███ █████ █████
████                 ██ █████ █████
▄▄▄▄     ▄▄▄▄▄▄▄     ▄▄ ▄▄▄▄▄ ▄▄▄▄▄
████    █▀███████    ██ █████ █████
████    █ ███████    ██ █████ █████
▀▀▀▀    █ ▄▄▄ ███    ▀▀ ▀▀▀▀▀ ▀▀▀▀▀
████    █ ███ ███    ██ █████ █████
████    █▄▄▄▄▄▄▄█    ██ █████ █████
████     ▀▀▀▀▀▀▀      ▀ ▀▀▀▀▀ ▀████
▄▄▄▄                            ▄▄▄
█████ ▄▄▄▄▄ ▄▄▄▄▄ ▄▄▄▄▄ ▄▄▄▄▄ ▄████
 ████ █████ █████ █████ █████ ████
   ▀▀ ▀▀▀▀▀ ▀▀▀▀▀ ▀▀▀▀▀ ▀▀▀▀▀ ▀▀   
bluenote.


.



.
▄▄████████▄▄
▄████████████████▄
▄████████████████████▄
███████████████▀▀  █████
████████████▀▀      ██████
▐████████▀▀   ▄▄     ██████▌
▐████▀▀    ▄█▀▀     ███████▌
▐████████ █▀        ███████▌
████████ █ ▄███▄   ███████
████████████████▄▄██████
▀████████████████████▀
▀████████████████▀
▀▀████████▀▀
.
.
.
▄▄████████▄▄
▄████████████████▄
▄████████████████████▄
███████████▀    ▐███████
███████████    ▄▄█████████
▐██████████▀    ▀▀█████████▌
▐█████████▌       █████████▌
▐███████████    ███████████▌
███████████    ███████████
██████████    ██████████
▀████████▄  ▄████████▀
▀████████████████▀
▀▀████████▀▀
.


.


.
█▀▀▀█▀▄
█   █  ▀▄
█   ▀▀▀▀█
█ ▀▀▀▀▀ █
█ ▀▀▀▀▀ █
█▄▄▄▄▄▄▄█

  ▄▀▀▀▀▀▀▄
█▀▀█▀▄   █
█  █  ▀▄ █
█  ▀▀▀▀█ █
█ ▀▀▀▀ █▄█
█▄▄▄▄▄▄█
.
Summary
.
WhitePaper
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Bitcointalk.org is not available or authorized for sale. Do not believe any fake listings.
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!