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Author Topic: [2018-08-24] China generally recognizes cryptocurrencies as a financial instrume  (Read 58 times)
voicefromabove
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August 23, 2018, 11:36:47 PM
Last edit: August 23, 2018, 11:48:23 PM by voicefromabove
 #1

Following the yesterday's ban of advertising cryptocurrencies in the only district of Beijing (followed by the dump of Bitcoin, thx to mass media and stupid traders), the Chinese government issued another order, the essence of which is that the Chinese government generally recognizes cryptocurrencies as a financial instrument, but requires separate regulation of each coin.

https://pictr.com/images/2018/08/24/07UPhl.jpg

https://twitter.com/HoneyBadgerCap/status/1032759718719172610
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August 24, 2018, 05:58:23 AM
 #2

With trade war with US, Chinese government is in big trouble, they are seeking different ways to get out, thus may have weird policies in place to play with.

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August 24, 2018, 12:14:03 PM
 #3

A very strange order of the Chinese government. Previously, they said that they adopted a two-year program to completely ban decentralized crypto currency. Have they changed their minds and will still regulate the decentralized crypto currency and admit its circulation in their country? An interesting turn of events. If this is so, then little by little China should again join the world of crypto-currency. This also means that they have not found their own way in the crypto currency.

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August 24, 2018, 02:33:43 PM
 #4

China governmnet realize cryptocurrency help for country economic
China is one of the biggest cryptocurrency involvement before to government decide to ban all crypto related matters.


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August 24, 2018, 05:23:19 PM
 #5

A very strange order of the Chinese government. Previously, they said that they adopted a two-year program to completely ban decentralized crypto currency. Have they changed their minds and will still regulate the decentralized crypto currency and admit its circulation in their country? An interesting turn of events. If this is so, then little by little China should again join the world of crypto-currency. This also means that they have not found their own way in the crypto currency.

I have a feeling that this is just another fake news coming from China. They already make their U-turn and even headlines it a very successful. How can they will make such announcement? Again, it looks like China is trying to stay relevant in the crypto sphere, but don't forgot that they went and completely went on the opposite side of the fence. So don't jump for joy, its too early to say but I have a hunch that this is pure FUD again.

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August 24, 2018, 06:41:35 PM
 #6

With trade war with US, Chinese government is in big trouble, they are seeking different ways to get out, thus may have weird policies in place to play with.

Hope they will adopt the bitcoin to compete with US.
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