China banned Crypto Events in Guangzhou

[xuv500]

China has always tried to ban anything related to cryptocurrencies, They always do this but at the end you'll see that people in china are still freely using and promoting cryptocurrencies no matter what their government is saying. I wouldn't say that they can ban everything, They could only ban what they can't control.

Absolutely correct, I guess China government is not supporting cryptocurrency. It's really a sad news as they are the most populated country where you could see a lot of investors.

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[jfederkins]

I have never thought that China will be against from the crypto even in the particular case. It will not be so useful for them for a little bit I think.

[Desscount]

 This article is about discussion on the ban which China puts on the system of cryptocurrency in promotional events held in Guangzhou.

https://blog.amon.tech/china-banned-crypto-events-in-guangzhou/

I'm not sure China won't succeed in affecting the crypto market anymore, yes the time for China has passed even though China issued new policies and rumors. I think you are a team from Amon and you should try to increase the value of your token.

[Answer United]

Some decisions from this country are not clear for me but if they have done it, it has all reasons. But banning of crypto events is not so promising way for the future.

[cryptohunter]

Imagine living in such a place

[5thFear]

Well, China's Yuan is all set to take over from Dollar and is supposed to be the power source behind the ambitious mission of becoming the super power of the world. But this cryptos is a completely different beast which Yuan was not ready and it could break the dream of Yuan ruling the world. So they are not against cryptos, they are actually against the system that is a hindrance in the pathway of Yuan to rule the world.

[BaraxLo]

That seems to be a decision that is state or province specifoc and does not represent the whole country and we already know that most of these bans in China are just to stop scammers to raise funds that use the cover of ico to show legitimacy and raise funds but their intention is just to collect funds by copying some other project, collect the funds and disappear.

Who really cares about China anyway? It is not like anything good has ever actually come from here when it comes to cryptocurrency activities, and for all I care, they can ban whatever they want to ban, but the good thing is that the space will always keep moving on and getting bigger, with or without china.

If they see cryptocurrency as a threat so much that they are trying to run away from it or frustrate the users in their country, then that is their own cup of coffee. It is a global community and no one really cares whatever decision China has decided to make.

[Go jack1]

very sad, even though crypto really needs support from various parties so that everything goes well, especially the support from the local government, hopefully the government will immediately make rules about crypto so that it does not clash with other rules

[Levious]

The Chinese government did not support encryption, so this is also a normal thing. In September 2017, the ban on the Chinese government led to a big waterfall in the market. Perhaps China is the strongest against crypto.

[louisBSAS]

That seems to be a decision that is state or province specifoc and does not represent the whole country and we already know that most of these bans in China are just to stop scammers to raise funds that use the cover of ico to show legitimacy and raise funds but their intention is just to collect funds by copying some other project, collect the funds and disappear.

Perhaps the actions of the Chinese authorities are aimed at protecting people from fraudsters.
No one will deny that lately the number of fraudulent ICO projects has been growing exponentially and this needs to be stopped.

[pinoy.bolanon]

 This article is about discussion on the ban which China puts on the system of cryptocurrency in promotional events held in Guangzhou.

https://blog.amon.tech/china-banned-crypto-events-in-guangzhou/

I think it does not represent the whole country of china, banning all crypto events, i think its only directed in some areas of china, but i hope this is a bad indication that crypto will be banned in some countries too. I hope this does not apply to all countries.

[Georgiyk]

Such actions speak of a hostile attitude towards the cryptoindustry by the Chinese authorities. The authorities urged the public to refrain from participating in the initial offers of coins (ICO), so as not to become victims of fraudulent schemes.

[iTradeBit]

Thanks.

[mahilchii]

The Chinese government did not support encryption, so this is also a normal thing. In September 2017, the ban on the Chinese government led to a big waterfall in the market. Perhaps China is the strongest against crypto.

Are they doing intentionally? What's wrong in that, a well developed and a powerful country should give a green signal for this tremendous development. Are they protecting the investors? This is really a sad news.

[petermike]

If this is the correct information then i think it is disadvantageous and difficult for the crypto market. Because China the country has a very large population and has a very high market share of the crypto market. It is difficult for our community to reduce the influence of Bitcoin.

[Cocoincos]

why they do this, china one of the technological countries, I thougt it could be interestting for such countries! hope some day something will change

[St4yInTh3D4rk]

 This article is about discussion on the ban which China puts on the system of cryptocurrency in promotional events held in Guangzhou.

https://blog.amon.tech/china-banned-crypto-events-in-guangzhou/

I still do wonder what the problem of China is with cryptocurrency and I really wonder how it really sucks to be living in such a non-democratic system of governance. Well, that is their own cup of tea as I have no problem with whatever decisions they want to come up with. It is China, and we all know most of the things that have always come from this region are usually anti-cryptocurrency related.

However, it is understandable, that there may be some good reasons behind why they did that, but all the same, China seems not to be my main concern, as they will only be left out at the end of the crypto race if they do not come to their senses.

China is not a country where you can have freedom to do anything you want,it is like controlling country where you need to do what country allows you to do so basically they won't like freedom but crypto currencies means decentralization which means people have freedom to do anything so it is not a wonder they were against the decentralization but not against cryptos because they have NEO for their people.

[Sayma83]

Especially supporting crypto bazaar from the local government, We know that this restriction in China stops only from scammers, which is also used to show Iowa cover councils and to collect funding. China has made many rules for cryptocurrency, especially in the case of ICO fraud and scandal.

[ngocdhbk2]

I never want to hear bad news about Bitcoin in particular and the crypto market in general. Because they only make the situation worse and worse. A year of turbulence and challenges for the crypto market.

[JohnMacZeppelin]

I cannot understand why China reacts so aggressively to cryptocurrencies, because it seems to me that sooner or later, cryptocurrencies will eventually be used all over the world this can not be avoided.