Bitcoin in China.

[pri3oner]

While governments of different meaningful countries arent able to control crypto currency they wont try to close the access to it all. They aint fools in common what goes about extra money. It's only beginning, yall.

[burner2014]

You want the truth !?!? . Both of the statement are BS and should mean nothing to real BTC supporter or holders . 99% of countries statements  are just pure shit and mean nothing . If china banned BTC why they did not close bitman factory until now ? . Stop hear FUDs and just focus on collect BTC because trust it will not be as easy as now ever again .

Indeed! Let us just focus ourselves in collecting bitcoin, and don't mind some countries who does not believe in bitcoin as we don't need them, btc is already stable with or without them, they can do what they want worst is they are just manipulating the mindset of people but the truth is they already have bitcoin in their wallet, who knows right?

[wilburwilbur]

Government has ways on handling things and government does not affect bitcoin that much
It is the news from media that controls the feed of social media sites and other information materials that affects potential investors to buy bitcoin
But in china's case well i hope they will fully accept bitcoin even after the banning

[phixo9x]

Bitcoin isn't in China, because Goverment controlled content on Internet, they just agree with the content conform for the polictic, and additional, they want the economy is unique almost by china. Bitcoin is so open, many things hard to control, hard to take some profit from them.

[tdtduy]

China is a country that has a great influence on the development of Bitcoin. Currently, the Chinese government has issued a ban on Bitcoin. The rich and poor in China are very clear. The rich in China do not want the government to manage their personal assets. They are concerned that the government will introduce high tariffs. They seek to transfer cash into digital assets, Bitcoin. The government says that Bitcoin is a tool for people to evade taxes, along with corrupt officials washing money ... So China has banned Bitcoin.

[Lebovsky]

I think that China is finally beginning to understand the importance of triplevalue and blockchain. And from the opinion of the Chinese government, much depends. After all, China is a leader in the global economy. And the majority of miners are just the same in China, and this is very important.

[nrvkush]

If China really wants to compete with the US, it will sooner or later have to legalize bitcoin transactions otherwise remain on the sidelines of the world.

[TheGodFather]

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?

To me China was able to really close ots doors on bitcoin with its ability to really assert its rool not just on some places but to the whole of China. Also I do believe that China is also technologically advanced and has enough integrations on both its government and the whole economic sector that it can both sway and influence the going ins and outs of all those who are in them. That’s why bitcoin in china though seem lost I’m still hopeful that they’ll change their mind

[ThanhTuan998866]

I think that China governor Zhou is needed more time to think about it before he totally decided

[brickafterbrickwalldpt]

China will continue to resist and they won't allow using cryptocurrencies anytime soon. It is not possible for them to inspect every citizen and see whether or not they own some cryptocurrencies. They will have to allow Bitcoin some day because they will earn a lot of money from it. Bitmain is a Chinese company, they earn million of dollars every year. We all know what is going on in China and how its governments work, they even firewalled the whole Internet. Time will show us what happens to Bitcoin in China. I am very optimistic about it.

[anntlevel]

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?

In my opinion it is a matter of time. Gradually all the countries of the world will accept bitcoin and will allow people to deal in bitcoin. China also know the importance of bitcoin because china is the big exporter of almost everything and payments in bitcoin is easy than any other currency. So they know that the payments will be easy in bitcoin.

[carodupuis]

there are countries (like US for example) who don't recognize bitcoin as a currency but that doesn't mean they are against it. they can still consider bitcoin as a commodity hence the second statement is true.
in case of Chine things are always behind a cloud somehow. partly because of the bullshit media that spreads lots of false clickbait which they call news but also be cause Chinese have always been weird when it comes to bitcoin!

Many countries did not recongnize bitcoin as a currency bt many companies are accepting bitcoin as their payments. The people feel ease to pay to other countries. No tension of exchange. This is the main thing that chines government realized and they announced that all the people are free to trade and use bitcoin. It is a good sign for bitcoin users.

[oceantiger]

Thie is a cheering news for blockchain and altcoins to flourish. Good news.

[Happiest]

Thie is a cheering news for blockchain and altcoins to flourish. Good news.

Err, remind me again how this is a cheering news again?  Those statements did not guarantee anything positive to the acceptance and implementation of bitcoin as a payment system for online. From my perspective, he is probably saying that bitcoin "Bitcoin gives the opportunity and freedom to any person to enter the market of finance" and by this means they do not want it in their country,  so therefore, they banned it.

[Ausgewielt]

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?

Well, if it is good for bitcoin then it is fine. People may take a dfferent decision if the previous decision that they took is wrong. We should respond to this positively.

[Renal]

Obviously this will have an impact on bitcoin prices if the governor of a bank in China receives cryptocurrency in their country especially those who often invest in bitcoin are investors coming from this China will affect the price of bitcoin that will continue to increase.

[sky9314]

China currently implements strict economic control measures. They do not prohibit Bitcoin, but they fear Bitcoin because they cannot fully control Bitcoin. Any dictatorial country will fear things that cannot be controlled, even if it is beneficial to them. I think that when the Chinese government manages to effectively monitor cryptocurrencies, they will accept Bitcoin again.

[Kunal666456]

China has banned the crypto currency and the website that promotes crypto currency and the website where the crypto currency can be won or can be earned is completely closed to the website. Bitcoin and other virtual currencies have also

[CryptoCZe]

As far as I know, so far China is not ready to regulate the bitcoin

[Jonsnowstark]

Well for starters, i think this change in the head of Chinese bank will not affect the whole counyry's decision of banning cryptocurrency. China government is the one eho made the decision to ban bitcoin not its central bank. In line with this, China's firewall are even designed to block anyone in the country who accessed exchange sites. So this is entirely the head of china not just the head of the bank of China to make the decision of banning bitcoin or not.

Sources: https://www.investopedia.com/news/bitcoin-banned-china/
http://fortune.com/2018/02/05/bitcoin-china-website-ico-block-ban-firewall/