China lifts ban on cryptocurrency

[makerst]

To be honest, such news is more similar to news for the crowd or for the beginning and a change in the trend, because it is in China that can really reverse the entire trend to a change in cryptocurrency.

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[batang_bitcoin]

I still cant find any reliable source about this. Ive seen this news a day ago from social medias but the link that has been isnt that reputable and recognizable. But if ever that China is really lifting the ban on cryptos, how come that big mining farms can still operate there despite of the ban? AFAIK, the ban is only for ICOs.

[weborsha]

China is the biggest manipulators in the cryptocurrency industry as china have major dominance on Bitcoin , ethereum mining with players like BITMAIN. China also have 13 block producer out of 21 block producers of EOS blockchain. China knows the potential of cryptocurrency and have adopted this technology well. This news is obvious that they will remove the ban on cryptocurrency and move on with greater aspects.

China is about to rule the world in a couple decades from now) These damn communists have more than a half of the world's industrial objects. Now they own the major crypto assets and about to make it legal.

[mayan251]

I hope this is true. In this way, the largest population in the world can participate in the encrypted world. This will definitely promote the development of encryption.

[kiemnhieutien]

I tried googling about this but got no trusted source, only some posts about this news on bitcointalk and social media like stemmit and reddit, some unfamous news websites. If this new is legit and featured on some famous magazines, it will make a positive effect to crypto market and bring bullish market back.

[jacksonhen]

guys before talking and starting this topic, we should have gathered more information from different sources other than this one alone. because it might be fake and the latest news that i heard about it was this :
https://cryptoslate.com/no-china-has-not-legalized-nor-put-an-end-to-bitcoin-ban-inaccurate-reports/

we can not believe anything on internet directly and the only one that we can do to confirm this is waiting, waiting an official announcement from China's goverment.

stay safe and be calm

Thank you for providing clarity, this news is indeed confusing because the data used is not accurate and tends to be confusing.

I underline the information from the article as follows :

On Oct. 1, China’s oldest technology publication Beijing Sci-Tech Report (BSTR) announced that it would accept Bitcoin as a payment method for its subscriptions beginning early 2019, to encourage the utilization of crypto in a “real-world setting for practical actions,”

But, the trading of Bitcoin and other cryptocurrencies remains strictly banned, and the areas of the cryptocurrency market that the government of China has banned remain prohibited.

While merchants are technically allowed to accept cryptocurrencies, trading, crypto events, ICOs, and any form of OTC investment in the asset class are still prohibited.

[Quidat]

I tried googling about this but got no trusted source, only some posts about this news on bitcointalk and social media like stemmit and reddit, some unfamous news websites. If this new is legit and featured on some famous magazines, it will make a positive effect to crypto market and bring bullish market back.

Yeah, i tried to google it too but unfortunately, nothing is showing but instead i found this article.

https://cryptoslate.com/no-china-has-not-legalized-nor-put-an-end-to-bitcoin-ban-inaccurate-reports/

Whoever make this news might be someone who belong to a group of pump and dump people.

That's why it doesn't make any changes to the market after all we read this.

[Kolikalex55]

This is very good news ! I think that the legalization of cryptocurrency in China will give an example to other countries ! If the state trusts cryptocurrency then I think that people living in this country will begin to trust even more given to grow !

[hashshashin]

If the fact that China cancels all bans related to the cryptocurrency is true - then this is indeed very good news, which may affect the recovery of the market. Let's see how everything will be in reality.

[Tigerheart3026]

A good news is back from the most populated and powerful country in the world. China lifts ban on cryptocurrency, individuals and businesses can own crypto now legally. I believe this change will impact on the market value and it may go up now.

I saw that news yesterday. That is really good news. China is a big country, so many big investors can come to the crypto section. If some of big people come in the cryptocurrency sector market will rise again.

[yeahright]

A good news is back from the most populated and powerful country in the world. China lifts ban on cryptocurrency, individuals and businesses can own crypto now legally. I believe this change will impact on the market value and it may go up now.

I saw that news yesterday. That is really good news. China is a big country, so many big investors can come to the crypto section. If some of big people come in the cryptocurrency sector market will rise again.

If that's true then that would be great news. China is a huge country with huge populations and will obviously have an impact on the growth of crypto globally. It offers tremendous opportunities for the electronic money market and increased confidence in the rest of the world

[Azcoinbig]

A good news is back from the most populated and powerful country in the world. China lifts ban on cryptocurrency, individuals and businesses can own crypto now legally. I believe this change will impact on the market value and it may go up now.

Good afternoon! Great news which can not not to make you happy. But comparing with year 2017, now such positive news don't influence as much on market. But I really want market to go higher.

[pinovero]

I am not sure about that news. Because i saw too many people attacked to that news. They said that news are not true. But that is not important for me. I believe it will be one day in the future. Maybe tomorrow maybe 5 years later but i believe china will lift that ban and chinese people will start to invest crypto currencies freely at the end.

[Agapelove]

If this news is a legit one, this would give a big boost to the cryptocurrency investors around the world. This kind of positive news would make the market bullish. Hoping that this is for real. It's really hard to ban cryptocurrency because countries need to get with the flow of crypto for them not to be left behind when the time comes. Look at Russia, USA, Australia, and a lot more. These countries embrace crypto just to make sure they are prepared for the future.

[Nolimitz84]

We will wait for official news.But definitely if this is true, then surely China will be followed by other countries.And this will directly increase the capitalization of cryptocurrencies.So look forward to the official announcement from the representatives of China.I am sure it will be a public resonance

[BravO_o]

I really hope this news is true. The Chinese can help lift the market off its knees. We will see green prices again

[bboyjohn]

To be honest, such news is more similar to news for the crowd or for the beginning and a change in the trend, because it is in China that can really reverse the entire trend to a change in cryptocurrency.

I agree with you. China is great country for change our downtrend. But we don't see big changes with this news, we need different things. Everyday we see good news about bitcoin and other crypto currencies but still fallin everything..

[dio1715]

A good news is back from the most populated and powerful country in the world. China lifts ban on cryptocurrency, individuals and businesses can own crypto now legally. I believe this change will impact on the market value and it may go up now.

I agree with you. But I cannot understand why this news did not have an effect on the market. Prices are on the same level. The market is in a deep sideways movement. Perhaps large investors are waiting for December, when the Bakkt platform will be launched .. I really want to believe that the launch will be successful and the market will react violently to this.

[Icologies]

A good news is back from the most populated and powerful country in the world. China lifts ban on cryptocurrency, individuals and businesses can own crypto now legally. I believe this change will impact on the market value and it may go up now.

good news and awaited by other crypto lovers because after all China is a developed and developing country, this will greatly affect the price in the market later. even better if you provide a link that states this so that all who read are clearer and more understanding.

[ven7net]

Of course, this is good news and it definitely tells us that the cryptocurrency market will grow. I would add to this all more news about the launch of the Bakkt platform and the launch of the ETF. As well as the situation in the world is now such that we see trade wars between countries, sanctions and of course, all this forces and will force many countries to switch to settlements in other currencies, in particular cryptocurrency. I believe that news from China is a kind of signal for a change in market trends in favor of growth.