Next time people tell you bitcoin is banned in China, show him this pic.

[bitcoinfuck]

THERE IS NO BAN, JUST FUD FUD FUD FUD FUD

Lets Have A Talk On Discord : https://discord.gg/s2Yz694

[Iwillgotothemoon]

I noticed that there is BCC in the picture，so they are old pictures at least a year ago, because BCC has been renamed BCH a year ago.
Please post the latest picture, use these old pictures to prove that will only mess things up.

[Findingnemo]

I noticed that there is BCC in the picture，so they are old pictures at least a year ago, because BCC has been renamed BCH a year ago.
Please post the latest picture, use these old pictures to prove that will only mess things up.

BCC and BCH are not same.

BCC = Bitconnect

BCH = Bitcoincash (Created from bitcoin as hard fork)

And there are many forked coins from bitcoin and come cryptos with the name similar to bitcoin so no coins were renamed.

[bob123]

BCC and BCH are not same.

BCC = Bitconnect

BCH = Bitcoincash (Created from bitcoin as hard fork)

There are multiple abbreviations for bitcoin cash circulating: BCH, BCC, bcash, ...
All of them describe the same coin.

So, no. That's not about bitconnect.


@Iwillgotothemoon:

This also does not have to mean that the pictures are older than a year. BCC = BCH = bcash = btrash = Bitcoin Cash.

[dothebeats]

I noticed that there is BCC in the picture，so they are old pictures at least a year ago, because BCC has been renamed BCH a year ago.
Please post the latest picture, use these old pictures to prove that will only mess things up.

There are a few stores in the internet that I have stumbled upon which still use the prefix BCC, and yeah, it's kinda outdated now but then again inside China, bitcoin is pretty much alive. They only release press statement indicating that bitcoin and other crypto is banned just to create FUD and not actually live to their regulations. If they can potentially rake in profits from crypto, why would they ban it?

Best example is the mining scene still flourishing albeit the icky prices of bitcoin and other cryptos in the market. If there's a ban, these mining farms would be shut down immediately.

[o_e_l_e_o]

BCC and BCH are not same.

When Bitcoin Cash was first forked last year, some exchanges (including Binance) initially referred to Bitcoin Cash as BCC and used the ticker BCC. It took several months before consensus was reached and Bitcoin Cash became BCH. Probably because they didn't want to be associated with a scam like Bitconnect. How ironic. Similarly, the ABC fork of BCH is currently referred to as BCH, BCHABC or BAB, depending on which exchange you are using. It will take time for consensus to be reached there as well (if the coin survives that long).

These photos were initially posted on Weibo in February, so they are at least 10 months old: https://m.weibo.cn/status/4204847186621003

[mk4]

Yeah but when was this picture taken though? Because if I remember correctly, BitcoinCash was only using the "BCC" ticker in it's early days, while it's been using the "BCH" ticker for some time already.

Also, why the sneaky discord link?

Lets Have A Talk On Discord : https://discord.gg/s2Yz694

[coinwizard_]

China has banned and legalised crypto on many occasions it is too hard to keep up. To complicate things further certain provinces like shenzhen have more relaxed crypto laws than the rest of china

[bitcoinfuck]

I think people like to use the word "ban" to create fear in the mind of young investors. Although China has not been very stable on their policy on bitcoin, currently bitcoin is not illegal in China.

neither does in india

[bitcoinfuck]

Yeah but when was this picture taken though? Because if I remember correctly, BitcoinCash was only using the "BCC" ticker in it's early days, while it's been using the "BCH" ticker for some time already.

Also, why the sneaky discord link?

Lets Have A Talk On Discord : https://discord.gg/s2Yz694

maybe its a viruds, or maybe a terminator from future ? 

[pixie85]

The ban is real. It's not the ban on using cryptocurrencies. If you want to sell your car for crypto, you can do it, but you will have to register the deal as if it was paid in fiat and pay taxes in fiat. The banned part is all about financial institutions and exchanges. You can't run a crypto - fiat exchange in China and you banks won't process your payments if they find out that an exchange is the target. To be able to use exchanges you need an offshore account.

[bitcoinfuck]

The ban is real. It's not the ban on using cryptocurrencies. If you want to sell your car for crypto, you can do it, but you will have to register the deal as if it was paid in fiat and pay taxes in fiat. The banned part is all about financial institutions and exchanges. You can't run a crypto - fiat exchange in China and you banks won't process your payments if they find out that an exchange is the target. To be able to use exchanges you need an offshore account.

same here in india, i guess price really drops when worlds 2 most populated countries ban crypto exchanges

[liuqi]

China has banned and legalised crypto on many occasions it is too hard to keep up. To complicate things further certain provinces like shenzhen have more relaxed crypto laws than the rest of china

I think not only China many countries are restrict the crypto Legalization in this year. But crypto technology is really useful to run by anywhere so many peoples are expecting the crypto Legalization so one day this will possible in all over the world that time some regulation is possible in crypto platform.

[Iwillgotothemoon]

BCC and BCH are not same.

BCC = Bitconnect

BCH = Bitcoincash (Created from bitcoin as hard fork)

BCH used to have a abbreviation is BCC.
I am sure that the BCC in the picture must be Bitcoincash instead of Bitconnect.
Bitconnect is so cheap that it is unlikely to be used to pay for a Ferrari purchase, so it must be Bitcoincash.

[Peacemaker1994]

Firstly the language written there can be Chinese doesn't mean it's been sold in China. But I don't believe china has placed any ban on bitcoin I stand to be corrected the ban is placed on ico