Bitcoin in China.

[soul-impact]

Bitcoins in China are under strict management. The Chinese government is stifling the development of bitcoin. They do not want bitcoin to affect their currency system. China is one of the countries that strictly prohibits bitcoin operations.

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[ropyu1978]

I did not see this news before, yes. you may have to accompany the link as a proof reference.
china is the perpetrator of the accident in 2017 and made the bitcoin fall but the accident did not last long, I am not sure about this news information. maybe this is just a rumor

[gabmen]

Bitcoins in China are under strict management. The Chinese government is stifling the development of bitcoin. They do not want bitcoin to affect their currency system. China is one of the countries that strictly prohibits bitcoin operations.

For now probably. I believe there will come a time when even the chinese government will succumb to the need for crypto and digital economics. They can't supress progress and bitcoin and crypto is basically a part of that

[talkbitcoin]

Bitcoins in China are under strict management. The Chinese government is stifling the development of bitcoin. They do not want bitcoin to affect their currency system. China is one of the countries that strictly prohibits bitcoin operations.

For now probably. I believe there will come a time when even the chinese government will succumb to the need for crypto and digital economics. They can't supress progress and bitcoin and crypto is basically a part of that

any restrictions and strictness in China has always been because of the fact that there has been a lot of shady activity there. for example you can not expect the government to stand still and do nothing while big websites call themselves exchanges and launder a lot of money.

[data_teks]

China is a biggest manipulating of crypto , last news about ico bans moved price so low and may be in future we will see again same manipulations again.

[biuifyus]

China often changes their position on cryptocurrency, so I don't really rely on what they say.

They have never opposed or banned bitcoin, only last September when China banned the ICO project.

[Timok Abiodun]

Now, according to local media, China will block access to domestic and foreign services “to prevent financial risk.”
China has a long tradition of blocking unwanted foreign websites using the so-called Great Firewall of China.

“Overseas transactions and regulatory evasion have resumed,”
 said an article published Sunday night by the People’s Bank of China-affiliated Financial News,
as quoted by the South China Morning Post.
“Risks are still there, fueled by illegal issuance, and even fraud and pyramid selling.”

[Playmode Kreative]

Hardly. The People’s Bank of China has run trials of its own prototype cryptocurrency,
taking it a step closer to being the first major central bank to issue digital money.
 China’s vision, however, seems to be based more on taking full control of such transactions in contrast to the libertarian aspirations of Bitcoin.
but then.... China often changes their position on cryptocurrency, so I don't really rely on what they say.

[bitcad4u]

China had more number of mining pools as compared to other countries.After the ban news from China,the price of bitcoin reduced huge.I had read in a crypto news,China going to accept the ICO.Your words also seems bitcoin will be accepted soon in China .If that happened,the price of bitcoin will reach back to the value of 20,000$.

[hjfjmk]

In the circle of virtual currency, despite the closure of major trading platforms by the Chinese regulators, several large digital currency exchanges represented by the Huo Yuan network have all moved their servers overseas and want to obtain legitimate licenses.

[no0dlepunk]

In March, the head of the people's Bank of China Governor Zhou Xiaochuan said that China will never recognize bitcoin and other crypto-currencies as means of payment. But already on 19 March he was dismissed, and the head of the Chinese Bank becomes his deputy. And on March 21, makes the statement "Bitcoin gives the opportunity and freedom to any person to enter the market of finance."

What do you think about this? Shift of China's attitude to bitcoin in a positive way or not. Or this statement to anything will not lead?

Man, I can't believe I have missed the news. Would you be kind enough to paste a link in this thread where I can read the actual content? Anyway, this news (if it happens to be true) will surely create a positive impact to all of us. New buyers will certainly get into picture once bitcoin has made a sound.

[nanda1280]

In March, the head of the people's Bank of China Governor Zhou Xiaochuan said that China will never recognize bitcoin and other crypto-currencies as means of payment. But already on 19 March he was dismissed, and the head of the Chinese Bank becomes his deputy. And on March 21, makes the statement "Bitcoin gives the opportunity and freedom to any person to enter the market of finance."

What do you think about this? Shift of China's attitude to bitcoin in a positive way or not. Or this statement to anything will not lead?

The amount of Bitcoin that can be obtained each month to reach 4050 tokens. In one factory complex, there are six Bitcoin mining facilities. To keep the mine operational maintained, there are several engineers and technicians who intentionally live there.

[gabriela1999]

I think so far. China has not banned crypto or bitcoin. They try to create the opposite information to capture the market

[First77]

Bitcoins in China are under strict management. The Chinese government is stifling the development of bitcoin. They do not want bitcoin to affect their currency system. China is one of the countries that strictly prohibits bitcoin operations.

Looks like Chinese banks will stop processing Bitcoin transactions now that India has almost banned Bitcoin

[Dexion]

we will never know how China's attitude to the crypto world, is difficult to predict, even more difficult than predicting bitcoin fluctuations.

China is one of the largest crypto trading countries, many bitcoin mining places, but some bitcoin mining companies fear their mining will clash with the Chinese government's rule of banning crypto transactions.

some reasons why the Chinese government bans crypto because cryptocurrency is hard to control and worries used by criminals.

I hope what he says gives a place for the crypto world to enter the free market.

[natalagerman95]

Miners create bitcoins by solving complex mathematical problems, for this they need powerful computer equipment. In China, their "farms" are located mainly in sparsely populated suburbs with inexpensive electricity and a cool climate. 80% of the power spent on the creation of bitcoins in the last 30 days falls on China.
According to experts, the simultaneous shutdown of facilities located in China is unlikely - including because China is spinning nuts in the turnover of bitcoins for months, and many miners already could transport equipment from there.

[jimmydvd]

in my opinion, china greatly affects bitcoin because china is the most densely populated population in the world so that economic and trade movement also influences with giving him the opportunity to make transactions with bitcoin is a plus point to increase the price of bitcoin back.