China is punishing cryptocurrency

[Okrah]

1  According to new information, the Chinese yuan is used under 1% on the world bitcoin trading floor. Beijing is continuing to crack down on active cryptocurrency transactions

2  China Bitcoin trading has hit a record low since the Chinese government's ban on the crypto market

Like the title. This issue is similar to the US imposition of duties on imports from China. What do you think about this issue ?

This situation can affect also the price of bitcoin because China is the one most progressive country and a lot of investor's in China wants to invest their money in bitcoin, but the problem is their government did not allow cryptocurrency as legal tender in their country. But I think without even the support of China, the popularity of bitcoin will still exist all over the world.

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[mastadonballs]

A theory without evidence will cause psychological FUD if you do not have specific link evidence. The data of the Chinese yuan is used under 1% on the world bitcoin trading floor should be guaranteed to be accurate. If that is your own guess, then I think creating this topic is completely wrong.

[Leyss]

1  According to new information, the Chinese yuan is used under 1% on the world bitcoin trading floor. Beijing is continuing to crack down on active cryptocurrency transactions

2  China Bitcoin trading has hit a record low since the Chinese government's ban on the crypto market

Like the title. This issue is similar to the US imposition of duties on imports from China. What do you think about this issue ?

Yes, I read that the Chinese government has developed a two-year program to completely ban the decentralized crypto currency in its territory. At the same time in China, the largest number of patents for the introduction of blockchein technology. China is looking for its way of introducing its own crypto currency. Well, this is at least to the point, deserves to be respected. Perhaps they will succeed.

[ss200]

Over time, China will allow the use of crypto currency. This is a country with very prudent leadership, which now looks at crypto-currencies and thinks how to use them for the good of the country

[Kryten12]

I don't think that China is punishing cryptocurrency per say they just want to get greater controls on the outflow of Yuan from their country as some of their citizens are excercising their financial muscle purchasing assets overseas. When they have better regulation in place then the crypto activit will get a more favourable attitude there.

[devilzero]

China has always maintained a prohibition against encryption, which can be seen from the decision to close all the exchanges in the country.

[GreatArkansas]

Like the title. This issue is similar to the US imposition of duties on imports from China. What do you think about this issue ?

For me, it is just because of bitcoin price manipulation, they are just trying to manipulate the market. There are many big businesses in China that want to start to get in the crptocurrencies, specially those investors from China. China is one of the powerful country in terms of cryptocurrency.

[usantosdavis425]

I think this view is not correct. By now, the electronics market is too early, everything is new. Certainly inadvertent acts of manipulation and price manipulation. Perhaps wait for governments of nations to have policies for electronic money

[genset88]

China had been a crypto friendly state and I don't know why China is doing so. Just hope that soon it will take over the ban and work for the develpoment of crypto.   

"Crypto friendly"? Do I misunderstand what you mean? Since September last year, China has consistently implemented policies that are detrimental to cryptocurrency. Although China is a country with the most cryptomoney investors, it seems the government doesn't like it.

[pissuyakkuu]

Gee, well I think China is endeavoring to make its position with the crypto market and show how fundamental its help is to it. Be that as it may, if it's not too much trouble I think the discipline is sufficient. lol. we are enduring it as the costs are not going to support us. I don't know whether china's prohibition on crypto is something influencing the market, however everything simply needs to unpredictable back to ordinary.

[keepandhold]

China is developing its own financial system using oil futures contracts, denominated in RMB and convertible into gold. And he does not like the possible prospects of using cryptocurrency. I think that China is very interested in destroying crypto currency and will do everything to achieve this.

[Khiceog]

The ban has had an incredibly bad impact on the entire market. It seems to me that so far the situation in the US is not the same and I think that China is still a long time

[hanomnom]

This was done in vain because cryptocurrencies are the future that should be developed. In the US, so far, everything is much more loyal on this occasion and it is not necessary to think about it now

[sorkulor]

I figure government was in fear if the general population begins utilizing the crypto more than there may be shot of less utilizing of paper cash the world over which could cut the citizens so the legislature doesn't need their misfortune here that is the reason they have made this stride yet soon ideally it will be authorized as there are gigantic measure of financial specialists from the China.

[yakushev]

1  According to new information, the Chinese yuan is used under 1% on the world bitcoin trading floor. Beijing is continuing to crack down on active cryptocurrency transactions

2  China Bitcoin trading has hit a record low since the Chinese government's ban on the crypto market

Like the title. This issue is similar to the US imposition of duties on imports from China. What do you think about this issue ?

These actions are aimed at preserving the national currency and not allowing inflation in the country. They did the right thing, even though this influenced the market, but this is not a significant problem in the current conditions.

[kalashnikovski]

I think this a very big game  which has associated with whales. All news just swing boat.  Example in China were a gossip and later it were rejected. The better not look on this information very serious. To wait  real news.

[SantiagoEmz]

Yes, the main problem this month is that chinese people have a culture like ghost month , where as it affects the cryptocurrency market enough for some altcoins value to goes down.

[Irina_ortman]

In China, very many have invested in Bitcoin. I do not think that their ban on crypto currency will last long. Meanwhile, China supports the NEO token actively

[alex_kir]

Not so long ago, literally a couple of days ago I saw on the network a document that supposedly spoke about it. that China forbids its legal entities to use crypto-currencies, it's a terrible hit in the economy and already says that the crypto-currencies are integrated more seriously than we think.

[Jpt]

I do not know exactly why china, an emerging economic trying to expand its reach all over the world, is going hard against the revolutionary cryptocurrency. It maybe china do not want country's money to go to other countries. But I think, china too will become positive about cryptocurrency in the days ahead.