China didn't outlaw LTC

[User705]

This is part trolling of course but they didn't place any restrictions on Litecoin or other alts did they?

[1714110501]

1714110501

[1714110501]

1714110501

[GigaCoin]

This is part trolling of course but they didn't place any restrictions on Litecoin or other alts did they?

By bitcoin they mean any cryptocurrency.

If what u said was correct ltc wouldve been $1000 by today lol

[JimboToronto]

They didn't outlaw BTC either.

It's amazing how many people bought into that silly media fud.

They simply didn't grant it special legal-tender status any more than any other foreign or private currency, but rather treat it as a commodity.

[User705]

Of course they didn't outlaw it.  It's amazing how many people keep needing to anti-fud.  In any case I wonder if someone can translate more directly.  Does it say bitcoin specifically in the announcement or all cryptocurrency?

[Gator-hex]

China didn't outlaw Bitcoin either.

What they said is no different to the policy in the United Kingdom.
The banks will do everything in their power to stop the conversion of fiat into Bitcoins.

This is why the UK has no exchange, they close down the bank account of everyone who tries to convert it, under the guise of money laundering.

The most adoptive country is the USA. They have an exchange, coinbase, and law enforcement who take Bitcoin theft seriously...

“Fraudsters are not beyond the reach of the SEC just because they use Bitcoin or another virtual currency to mislead investors and violate the federal securities laws,”
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370539730583#.Un-nYiejN3U

Still I mine Litecoins too just in case.