China lifts ban on cryptocurrency

[auroboros]

That is the best news that I heard this month regarding crypto currency, because China does have a very important role in the development of crypto, when some time ago China decided to build crypto currency, the price of crypto currency continued to decline and this might be a turning point price of crypto currency

[Muhammad Muneeb]

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.

they lift the ban because they can not controll the holding of crypto it was a good news because it will expose crypto to the country of more than 1 billion people but market is still in bloodbath..

[icegeekfresh]

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.

This is good news yes but still there is no much effect, we need big news like 2017. Cboe exchanges listed bitcoin and big players invested to bitcoin so this was very big news for crypto, we need volume and this type of news can get volume to market.

[iwah]

Is this news actually true because i am seeing other people saying the new is not true while some say it is true, I don't know which to believe again, but i do wish the news become real true then we might see some growth in time to come.

[cctv0]

This is by no means a real news. If China does this, I believe that the cryptocurrency market can flood into $100 billion a day. I don't think their government needs strong support for cryptocurrencies. This is a very developed country.

[Quasimodo75]

If this news is accurate then it is a great surprise for the cryptycurrency market.

[kenman]

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.

that's cool! I am glad China starts to admit crypto, because it's one of the most influencial economics after all. hope other contries will follow the example. we need that!

[kiemnhieutien]

As i read on Fxstreet, it is fake news.

On October 25, the Shenzhen Court of International Arbitration (SCIA) declared Bitcoin as a property in accordance with the existing legislation of China. It means that Chinese citizens and merchants can transfer and own digital assets on legal grounds, which was never forbidden in China in the first place.


"Although Bitcoin may not be legal currency, that does not prevent it from being protected by law as a property," said SCIA in the released case analysis. "The Party contends that Bitcoin has characteristics of a property (SOV) that can be controlled by the owner; it has economic value and can bring economic benefits to the owner. This does not break any laws. This arbitrator agrees," the decision said

https://www.fxstreet.com/cryptocurrencies/news/china-lifting-bitcoin-ban-is-a-fake-news-cryptocurrency-market-unaffected-201811130416

[Checkoi]

This is great news and I also believe that soon the growth of the cryptocurrency market will start

[FreeAirdrops]

Yes, as others have stated, this is "fake news". I really hope in the near future it will become "real news".

[- ESPERS -]

       China lifting the ban on cryptocurrency. This is good news for the crypto market. I really did not see a good reason why this ban exists. This information is true, it will trigger the bullrun expected by everyone and the market will recover. Eventually, the more cryptocurrency will be introduced into the real world, the more expensive it will be due to the high demand.

[kiemnhieutien]

As i read on Fxstreet, it is fake news.
https://www.fxstreet.com/cryptocurrencies/news/china-lifting-bitcoin-ban-is-a-fake-news-cryptocurrency-market-unaffected-201811130416

This is great news and I also believe that soon the growth of the cryptocurrency market will start

       China lifting the ban on cryptocurrency. This is good news for the crypto market. I really did not see a good reason why this ban exists. This information is true, it will trigger the bullrun expected by everyone and the market will recover. Eventually, the more cryptocurrency will be introduced into the real world, the more expensive it will be due to the high demand.

I feel sad to read this. They try to post as much as they can for post hoarding for signature bounty, they even don't read the thread. That's why many members consider signature bounty members as shit posters and spammers.

[shadowdio]

As i read on Fxstreet, it is fake news.

On October 25, the Shenzhen Court of International Arbitration (SCIA) declared Bitcoin as a property in accordance with the existing legislation of China. It means that Chinese citizens and merchants can transfer and own digital assets on legal grounds, which was never forbidden in China in the first place.


"Although Bitcoin may not be legal currency, that does not prevent it from being protected by law as a property," said SCIA in the released case analysis. "The Party contends that Bitcoin has characteristics of a property (SOV) that can be controlled by the owner; it has economic value and can bring economic benefits to the owner. This does not break any laws. This arbitrator agrees," the decision said

https://www.fxstreet.com/cryptocurrencies/news/china-lifting-bitcoin-ban-is-a-fake-news-cryptocurrency-market-unaffected-201811130416

so it's a fake news, well guys the Chinese government don't want to lift the ban of cryptos, don't expect the market will recover this year.  

[ljp7839008]

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.

That's just great news. Just before the end of the year. Now it is expected in December of their cryptocurrency growth, just needed good news to maintain growth, and the lifting of the ban on cryptocurrencies in China is just what you need at this moment. Now we expect rapid growth!

[carrie_white]

this is true, I have read this news in various sources, and this is a very good thing, especially when the condition of the crypto market is getting worse like this, hopefully this good news is a good start to the beginning of the crypto year

[trudovik]

If this is really true, then I think that BTC would have completely different prices today, because the Chinese love cryptocurrency very much and I think that in the case of BTC it would cost much more.

[ityandsyn]

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

       So It's not anymore a good news since you have a link that will oppose the topic and that's consider as fake news , this is a great news thst comes from reliable source before this opposing news  was coming and so many bounty getting chaos already .

[mahilchii]

       China lifting the ban on cryptocurrency. This is good news for the crypto market. I really did not see a good reason why this ban exists. This information is true, it will trigger the bullrun expected by everyone and the market will recover. Eventually, the more cryptocurrency will be introduced into the real world, the more expensive it will be due to the high demand.

Definitely this is a good news for the Chinese people's and for crypto community as well. Yes I too went through in some sites and read few articles about this, it's a big bonus for cryptousers as it will increase the value and we can expect a bull run. Lets wait and see how it works in upcoming days.

[micairvas]

 Friends are preparing for growth? This is really good news. China is a powerful country. I think a lot of serious investors will be back in the game. I hope the policy of China will not change.

[akishang]

Wow. Just wow. I was about to give up on crypto until I hear the news. This will certainly change how things goes for crypto and if they just lift the ban, Crypto is expecting new investors as well as new projects from China. This will be great for anyone on the crypto world as the more people are drawn into it, the more popularity it gets. Hopefully, the popularity will result to more investment and higher demand.