A good way to open the door to the Chinese virtual currency market

[siyuanfrf75593]

The main problem with China is the existing laws and regulations. It is not the people. The people can spread their wings and get interested to know and learn about cryptocurrency and how to get into it and how to start investing but the problem is that they are hindered by the government itself. The government is trying to screen everything that comes into the country. And in the process they are also blocking the new technologies and opportunities for its people. Whatever adjustments done by projects if the government does not have the taste to let them reach its people everything is useless.

I'm in China. This is not the case. Most of my friends are involved in blockchain projects and also trade tokens. The government restricts only the public recruitment activities of ICO and IEO, and does not strictly prohibit transactions, participation, and development of blockchain.

So the news about exchanges being curtailed in China is all false? Is it also not true that financial institutions there are prohibited to handle cryptocurrency transactions?

Yeah I also read news about ICO or IEO being prohibited in that country. Blockchain is not necessarily against whatever the banks and the governments are into. It is probably the reason why China is not really against blockchain.

But which part are you in china?

I am in mainland China.
If you have used the OTC services of the trading platform, you will find out whether the financial services that are used for transactions are different from what you think.
What you hear does not mean you understand it.

[Aabcde]

Yes it is true. In other way that the Chinese government is very anti-bitcoin and altcoin. But so far, in my opinion there are still many investors from China who have quietly ignored the country's regulations. This must be triggered by 'profit'. Which in the sense that a person's attitude can change in order to achieve something he wants. On the other hand, it is indeed very good if a crypto project can penetrate the Chinese market, because as we know that they are the most populous country. Certainly will be successful if the above can be achieved. But, I think actually without even entering China there are still many projects that can be successful in terms of fundraising. This must be supported by a good idea, an expert team, a timely roadmap, an innovative product, and a large exchanger that supports.

That's right, it's the promotion of the project itself, not the pursuit of local investment. It only needs more people to understand the value of the project. It is not necessary to carry out ICO activities and other content in China. Because there are many, many investors in China who are not trading locally.

Yes, the internal condition of a project is prioritized first so that it can carry out its vision and mission maximally. If the vision and mission can run well, then investors will certainly come by itself. Because investors are very confident because the dev has done their best to deliver the project. If it's like this, not only China, the whole world must be willing to buy their project later.

[jcarlo]

The main problem with China is the existing laws and regulations. It is not the people. The people can spread their wings and get interested to know and learn about cryptocurrency and how to get into it and how to start investing but the problem is that they are hindered by the government itself. The government is trying to screen everything that comes into the country. And in the process they are also blocking the new technologies and opportunities for its people. Whatever adjustments done by projects if the government does not have the taste to let them reach its people everything is useless.

I'm in China. This is not the case. Most of my friends are involved in blockchain projects and also trade tokens. The government restricts only the public recruitment activities of ICO and IEO, and does not strictly prohibit transactions, participation, and development of blockchain.

So the news about exchanges being curtailed in China is all false? Is it also not true that financial institutions there are prohibited to handle cryptocurrency transactions?

Yeah I also read news about ICO or IEO being prohibited in that country. Blockchain is not necessarily against whatever the banks and the governments are into. It is probably the reason why China is not really against blockchain.

But which part are you in china?

From what I understand, China has never limited blockchain technology, which they limit or ban is ICO or IEO. In fact many new projects or those that already exist in the market are based in China and to date they are fine. Regarding the blockchain, the government has recently issued a statement that they will make their own cryptocurrency and this may be an opening for regulation

[Kyraishi]

Ultimately the entry of regulated projects into the Chinese market will still depend heavily on the regulatory status within the country.

However, the thing is that a lot of global exchanges, especially semi-anonymous ones have easily circumvented IP bans on Chinese registrations, which means that it's not like Chinese traders cannot access the markets altogether, especially if they were whales to begin with.

I really don't see the regulated crypto scene blooming any time soon though. A policy outlook change seems unlikely rn.

[benxun5105992024]

Ultimately the entry of regulated projects into the Chinese market will still depend heavily on the regulatory status within the country.

However, the thing is that a lot of global exchanges, especially semi-anonymous ones have easily circumvented IP bans on Chinese registrations, which means that it's not like Chinese traders cannot access the markets altogether, especially if they were whales to begin with.

I really don't see the regulated crypto scene blooming any time soon though. A policy outlook change seems unlikely rn.

It is not that Chinese traders cannot enter the market in full, but that ICO and other projects cannot fully enter the Chinese market, and Chinese traders are hardly affected. There are no rules restricting Chinese traders, unless some exchanges have special rules.

[Lottoshi]

There are many project teams who want to enter the Chinese market.
But because of the language and lack of understanding of Chinese habits, this is a difficult job.
In fact, it is very simple. First of all, you must understand that it is very difficult to actually access facebook.twitter.youtube.telegram and bitcointalk in China. Most Chinese users cannot directly access or use it. Therefore, the bounty program designed by many teams does not actually have many Chinese users who can see or be interested in participating.
Secondly, due to national policies, any form of ICO and IEO promotion is banned in China, and many Chinese market personnel are unwilling to accept the promotion of such activities.
Finally, there is the ERC20 token project. There are too many similar projects now, but no valuable APP or related applications have been generated. Everyone is very disgusted.

Therefore, I suggest that if the project team wants to better develop the Chinese market, it should find effective ways that are suitable for Chinese users to understand the value of the project itself and adopt an effective bounty model (localization) such as using Chinese sites for activities https://bountypr.com Organizing some activities suitable for Chinese users may be more suitable for project promotion.
For the ERC20 project, I think that more publicity in practical applications may be more suitable. Can carry out some knowledge quiz, mini-game activities, application of secondary development and other content promotion.
It is also important to note that not all Internet sites in China can be accessed directly. It is recommended that the project team check whether the test site can be accessed directly in China, which is more conducive to the promotion of the project.

If you have any questions, please leave a message and ask,or telegram:@wingsups maybe I can help.

China is a completely different market with a small circle of crypto influencers, it’d be hard to break into that circle.
The best way if to find a local partner, that’s not the hard part, the hard part is to know which one is more trustworthy and influential.

[benxun5105992024]

The team can actually do at least some simple work.
For example, the Chinese language of the website, the website server supports direct access to China. Chinese culture of the white paper, Chinese explanations and tutorials for various activities, establishment of the Chinese community, etc.

[Obito]

No matter which way you are using to promote new cryptos in China it will be against their national policies so you might have to target the Chinese people living all around the world which is still pretty good amount who might interested on the cryptos.

But the thing is the China itself was the target, however, it is quite difficult. So, if we about to choose Chinese living outside the it was more likely promoting crypto to a normal people. What must be reiterated is the enlightenment of the locals inside China, who will be a catalyst even by a little to promote the crypto essence.

[davinchi]

Everyone fails to understand why "we" as people can't do anything about what Chinese can do or can't do. That is the CCP that controls basically all the nation and they run it however they want and they are making superb amount of money because they are basically partners of every single business (considering high taxes).

So, basically CCP has to accept blockchain and crypto currency as something good and something that could help them out and if they do that whole nation will start using it. Without CCP approval there is no world where china can still focus on bitcoin, hell even right now miners are moving out of china for a country that is more stable and more sane instead of being in the risk of "maybe it will be great, maybe we will be tortured and killed" levels of insanity.

[princecharles]

I had an opinion before now, that the Chinese government does not want anything to do with cryptocurrency or virtual currency. It was on record some time past that the Chinese government banned cryptocurrency exchange which was domicile in the country leaving the citizens to their fate. From all the information, I've deduced from my little experience in this industry, I believe that it's twice as difficult to penetrate the Chinese Market especially with cryptocurrency inspired projects.

[shaheer001]

You point out the critical topic as everyone knows China is the biggest market, either it is in Fiat money or Cryptocurrencies, but due to lake of knowledge and some govt laws against cryptocurrencies crypto market did not get investors and promotors from china. The Crypto top management must do something for Chinese people.

[benxun5105992024]

In fact, everyone has a wrong idea about China's trading market.

The establishment of a digital currency exchange in China does not mean that Chinese people are not allowed to participate in digital currency transactions.

That is, the Chinese can trade on any exchange overseas, including OTC transactions.

[naikturun]

because China is stressing its people to use their products, and also in the crypto section they make their own currencies, even though China is one of the biggest holders of the bitcoin market.

[siyuanfrf75593]

because China is stressing its people to use their products, and also in the crypto section they make their own currencies, even though China is one of the biggest holders of the bitcoin market.

Making coins yourself and current market development will not affect

[nicolas1979]

This time China stay focus develop blockchain technology and find the best regulation for bitcoin. I hear many news about bitcoin progress in China and if I'm not wrong the biggest bitcoin mining is in China. If developer can have deal with China it will create more opportunity success because already has market, fund and promotion in big scale. The problem is at first time China will never take their profit but will keep trying to take developer place using their own resources, so please be careful with that.

[Polar91]

This time China stay focus develop blockchain technology and find the best regulation for bitcoin. I hear many news about bitcoin progress in China and if I'm not wrong the biggest bitcoin mining is in China. If developer can have deal with China it will create more opportunity success because already has market, fund and promotion in big scale. The problem is at first time China will never take their profit but will keep trying to take developer place using their own resources, so please be careful with that.

It is really a big deal when china approves regulation with regards to bitcoin usage in their country. It could therefore impact the world as well especially followed by the US and the third world countries. But I am pretty sure that china at this moment they are more focused on developing projects using the blockchain technology instead of influencing people to use bitcoin, but it is not impossible to happen, with the largest mining facilities in their area, it is impossible that they will not attract investors to buy bitcoin at higher prices, thus impacting the bitcoin's overall market price after the bitcoin halving.

[zhekinsp]

because China is stressing its people to use their products, and also in the crypto section they make their own currencies, even though China is one of the biggest holders of the bitcoin market.

China is not a democratic country,its more like a dictatorship for now and ever so people are not free to express their opinions they are supposed to obey what their leaders say to them.Then how it is possible for Chinese government to allow such freedom of using money that is why they are making their own crytos.

[ahmia39]

Making coins yourself and current market development will not affect

It's not a matter of not going to influence, but at the moment it's not easy to make your own coins and make the market grow, because investors are now very clever in analyzing coins and markets.

[huu78]

The early 2018 era of China's project onslaught is giving a good project in the famous exchange and indeed China has a new national policy about the blockchain and cryptocurrency is now changing. then they got the mending case stopped and did not shrink the project or build the project again in the present year due to the policy issues. It is unfortunate when China's project is a good and not a stingy event if it is holding something.

[ultrloa]

Making coins yourself and current market development will not affect

It's not a matter of not going to influence, but at the moment it's not easy to make your own coins and make the market grow, because investors are now very clever in analyzing coins and markets.

Yeah since implementation for it is really hard especially on marketing side since really need more efforts and money to make a successful result but in the current market case plus the addition of past scams I don't really think it's easy to gain success since maybe investors are super vigilant right now and it takes a lot of convincing powers to lure them up.