China lifts ban on cryptocurrency

[fuer44]

it has not had a big impact, but we can hope that the news will slowly attract investors because what is needed is investors. today even all the coins in the market are red.

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[t3ChNo]

Did they? Could be just fake news as we don't see any movements since last year. When they banned crypto, we saw a big dip.

[Bijikopi]

I'm very skeptical of this and until I see it reported on some more reputable major news outlets I'll consider that it's not true. But fingers crossed that it is because the Chinese market would be a huge addition. Given how the SEC limits US investors, China is probably second and there it is banned.

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the Chinese government must have made several considerations, if it supports crypto what benefits can be gained for the country, this must have passed some careful consideration, because the Chinese government knows the enormous potential that exists in digital currencies, maybe the Chinese government has the desire to replacing the dominance of the dollar into crypto currency.

[Shadovka]

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.

It is a very good news to crypto market, from what i know the previous pump was mostly from china market and i am not surprise that they might do it again.

[xbossJ]

After helping to bring the market to its knees, they are lifting ban! Sounds cunning! I think they are feeling they have won the war against bitcoin, well if truely they have lifted the ban, its good news for crypto! A bull is possible soonest!

[yakushev]

I am skeptical about all the news from China, they are still those manipulators, today they cancel the ban, and tomorrow they can introduce it again for their own selfish purposes

[RobotNIK]

It does not seem that the Chinese immediately after these events rushed to the stock exchanges and started buying cryptocurrency!  And it did not affect the market!

[lKSLMNSLKnkndlksnkJ]

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.

Let's see.

China and the USA are the top economic engines in the world, yet their governments have banned their citizens from transacting and owning certain cryptocurrencies.  Hmm.  Why is that?  Due to the underlying mechanisms of how fiat currencies at interest work, at this late stage in the life-cycle of the current world reserve currency, the two top economies cannot afford any of the surplus fiat (debt) in citizen's hands to be removed (retired) from the system.  The more that happens, the closer the to the end of the road for the dollar it is, and the more they have to debase the currency to keep the system stable for one more day/week/month.  All fiat at interest currencies must grow/increase to a size larger than the previous year, each and every year, or the system begins to collapse.  This is especially true as the mathematical limits on lifespan are reached.  We all know the system is in a precarious state right now, so crypto coming along like it did when it did is the monkey wrench in the monopoly capitalist society (defacto communism) we find ourselves enslaved to via debt.

Therefore considering how tough the restrictions are on US residents, and we all know China is even more abusive to it's citizens, what would make anyone think China would take the lead in allowing a major door to personal freedom open that would lead to a crash of the current world reserve currency and their power base even faster than is happening now?  They wouldn't and it doesn't make any sense if one is able to view things from their position.

[esetop01tryba]

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, but I'm thinking whether they will allow bitcoin mining ?) As far as I know, China has banned the use of electricity for mining. And a lot of farm owners began to work in the negative. I don't understand why they paid for electricity.

[terible.hunter]

China should show the correct position and I believe that all this is definitely a useful situation for the market. Since the market is now very weak, such news would show serious opportunities for improving the price climate.

[dawai asmara]

I am skeptical about all the news from China, they are still those manipulators, today they cancel the ban, and tomorrow they can introduce it again for their own selfish purposes

they just want to control the market according to their wishes, maybe now they want to sell the assets they have so they lift the crypto ban.
but after they got what they wanted, it was the end of lifting the crypto ban because they definitely wanted the market to go down to get cheap crypto.

[Mmesooma1]

 China is a strong country inclined on economy growth. Though bitcoin has been banned for several years but they remain  a key stakeholder of the bitcoin revolution. Lifting cryptocurency ban by China will generate positive adoption waves accross the globe

[Fredomago]

China should show the correct position and I believe that all this is definitely a useful situation for the market. Since the market is now very weak, such news would show serious opportunities for improving the price climate.

If this time the news is legit it will bring back those chinese who loves to take the risk inside this market, we knew how many chinese people are,
even small percentage of their populations will help the market, small investment from them can make some good serious movements, lets hope
this time they will make a proper stand regarding to this matter,.

[komjhq]

China is a strong country inclined on economy growth. Though bitcoin has been banned for several years but they remain  a key stakeholder of the bitcoin revolution. Lifting cryptocurency ban by China will generate positive adoption waves accross the globe

Many experts have announced a positive change in the cryptocurrency market after the Chinese New Year. As if the holiday has already passed, but there are no changes yet. I think that if something changes, it is only for other reasons, and not because of a change in the situation with China.

[vanya.pronin.1983]

I do not think that this statement is right. Maybe you have misunderstood the news and you are talking about blockchain? China is still against crypto currencies but is investing a lot of money into blockchain technology.

[ABDUL86]

Yes I also liyen this new but not confirm this but if china will remove ban from crypto then it will be good for crypto lovers and it's also a very good for all coins especially for bitcoin.

[Yalovtsev]

Yes, of course it will, now everyone understands that blockchain and cryptocurrencies are the future,and behind them there is a huge potential, now all the major industries and corporations will move into this sphere,and many new companies will be created under this theme, so it will definitely Remove,and not only CHINA, but all countries recognize cryptocurrencies

[futuristishe]

Of course cryptocurrencies are the future. Already most of the population understands this! Now the countries that imposed the ban also understand this, and already plan to remove the ban in order to benefit from the use of cryptocurrency. I think after the start to lift the ban cryptocurrency in many countries, the market will start to go up again.

[tinker123]

This is of course good news. But if you look at the market, nothing much has changed. This means that the news may be false, and maybe the local population does not have any business and confidence in cryptocurrency?

[kr105]

I don’t know what are the latest news about cryptocurrency from China. To be honest, i think that we can’t trust Chinese government’s decisions on crypto. I think all governments should stop banning bitcoin and crypto. Because this market eventually will be much better and they just can’t force people to stay away from btc or cryptocurrency. We love crypto.