China Has Ordered All Financial Institutions To Cut Crypto -Related Services

[mamamu111]

The People’s Bank Of China Has Ordered All Financial Institutions To Cut Cryptocurrency -Related Services.  READ FULL DETAILS HERE:  https://worldpublicityblog.com/index.php/2021/06/25/the-peoples-bank-of-china-has-ordered-all-financial-institutions-to-cut-cryptocurrency-related-services/

[Alisha-k]

Cutting of Crypto activities in china by people's Bank of China can only cause a devaluation in Bitcoin and other cryto currency value and this would only occur for a short while mean while I guess since other countries are gradually adopting crpto currency we still stand a chance of expecting a global acceptance just that it might likely take a short while. As for the Agricultural bank of China issuing the same warning I feel new minning pools would soon be opened at other part of the continent some where outside Asia

[Jating]

So surprise here, they have been in the limelight for quite sometime know, cutting down and clamping everything that is related to bitcoin. So this is forth coming, the sad news is that it is the Chinese bitcoin enthusiast that will be affected severely. I think it will contribute more to the capital flight that the Chinese government doesn't want to happen. On the contrary, it will just speed up the process.

Anyhow, as I have said previously, the effect on the market is already price in. And if other nations will take over specially bitcoin mining, the hash rate might go back to normal and might see the price recovering again to a new all time high.

[naomi-the-cat]

im surprised that bitcoin is still alive after all this fud news

[cheezcarls]

Despite this FUD, China failed to take Bitcoin down once and for all. They can’t influence the entire world in doing the same thing like they did. They had so many restrictions in the internet for the past several years, and now Bitcoin and the crypto market. It would be hard for a Chinese citizen to live with so many restrictions.

This will be just a short-term setback but eventually the price would rise again in the future.

[Godwinpaul]

The People’s Bank Of China Has Ordered All Financial Institutions To Cut Cryptocurrency -Related Services.  READ FULL DETAILS HERE:  https://worldpublicityblog.com/index.php/2021/06/25/the-peoples-bank-of-china-has-ordered-all-financial-institutions-to-cut-cryptocurrency-related-services/

This is so bad to all crypto or bitcoin enthusiast who reside over this country of China. After banning Facebook, Tiktok,
Reddit and Twitter, and now this articles. Their only choice for this matter is to use VPN to continue to earn Bitcoin and
cryptocurrency. But possible it can be a temporarily at the moment.

There's really no point using VPN in situations such as this because the banks and financial institutions are concerned. Its best to tackle the situation by deploying measures which would not require the assistance of banks or going through the P2P access. The Chinese government could be very difficult and trying to override them may be disastrous.

[Naficopa]

The People’s Bank Of China Has Ordered All Financial Institutions To Cut Cryptocurrency -Related Services.  READ FULL DETAILS HERE:  https://worldpublicityblog.com/index.php/2021/06/25/the-peoples-bank-of-china-has-ordered-all-financial-institutions-to-cut-cryptocurrency-related-services/

Which time is China wanting to ban Bitcoin? Nothing will happen, and in a few months, China will change its policy and start liking Bitcoin or even finally launch its own cryptocurrency. Or maybe this is just preparation for introducing their own digital currency ?! Nothing in this country will surprise me when it comes to their politics. I would not be surprised even if they themselves intended to invest in cryptocurrencies and for this they cause price drops.

[Ceyflix-Rez]

It seems that we will keep seeing countries supporting crypto today and stop supporting crypto the next day, I can't imagine how many times china have stopped supporting crypto over and over, it looks like a planned manipulation to me

[jrrsparkles]

Their central bank advised or ordered all the running banks to stop their relationship with exchanges but I don't think much exchanges are operating in China due to lot of controversies over the years since the beginning of crypto era so people are mostly doing p2p mode of transactions which can't e controlled. This is simply just doing the same thing when cryptocurrency market booms.

[Twinkledoe]

It seems that we will keep seeing countries supporting crypto today and stop supporting crypto the next day, I can't imagine how many times china have stopped supporting crypto over and over, it looks like a planned manipulation to me

China keeps on banning or stopping the support on crypto, whereas, some countries like El Salvador [https://www.coindesk.com/bukele-bitcoin-law-el-salvador-september ] and Colombia [ https://www.coindesk.com/colombias-capital-unveils-2-8b-blockchain-investment-plan ] are going full support on crypto. If China will continue to prohibit the use of crypto, then, it is their loss. There are many other countries that are more open to crypto. Maybe in the future, they will change their stance again on btc or crypto, when they realized that their strict regulations on crypto doesn't affect the proliferation of use of crypto in their country.

[xenon131]

The People’s Bank Of China Has Ordered All Financial Institutions To Cut Cryptocurrency -Related Services.  READ FULL DETAILS HERE:  https://worldpublicityblog.com/index.php/2021/06/25/the-peoples-bank-of-china-has-ordered-all-financial-institutions-to-cut-cryptocurrency-related-services/

Those who

[kidbounty]

The People’s Bank Of China Has Ordered All Financial Institutions To Cut Cryptocurrency -Related Services.  READ FULL DETAILS HERE:  https://worldpublicityblog.com/index.php/2021/06/25/the-peoples-bank-of-china-has-ordered-all-financial-institutions-to-cut-cryptocurrency-related-services/

And China continues its war on crypto currencies. In my opinion this is all politically motivated to force people into buying the digital yuan. China wants to control the crypto market like they control their own currencies. It is up to us all to fight back. I would never buy a coin that is controlled by China. We as the investors should make a big circle around anything from China.

China makes coins for its citizens, so they don't even care whether outsiders want to buy it or not. as long as the citizens' money doesn't go out they won't care about anything else. it's like when their government banned social media. then they made a special platform for citizens to control.

[mindrust]

The People’s Bank Of China Has Ordered All Financial Institutions To Cut Cryptocurrency -Related Services.  READ FULL DETAILS HERE:  https://worldpublicityblog.com/index.php/2021/06/25/the-peoples-bank-of-china-has-ordered-all-financial-institutions-to-cut-cryptocurrency-related-services/

Is this for real? Seems like a very hostile move against crypto. Luckily the world is bigger than China but still it would damage the space bigly. The price of btc is down by 2.88% now. Looks like it is reacting to this news so It must be true.

[Cvetik56]

China just cuts itself from progress. Yes, it's led to big crush of crypto market but it will recover from this. But in long term it's gonna be back on train. We'll see where'll be China in that time.

[tsaroz]

It's not totally correct. China is trying to restrict the use of global decentralized crypto while promoting digital version of it's currency and other regional and tokens. They are also promoting the use of blockchain in everything from agriculture to supply chain.
Even though they are trying to block bitcoin and other crypto, Chinese are still more interested in them. P2P trade are getting more popular in China.

[Dexion]

And China continues its war on crypto currencies. In my opinion this is all politically motivated to force people into buying the digital yuan. China wants to control the crypto market like they control their own currencies. It is up to us all to fight back. I would never buy a coin that is controlled by China. We as the investors should make a big circle around anything from China.

Yes, this is a way that can get rid of crypto and force to buy currencies managed by China, they openly declare resistance to crypto other than the Chinese Yuan, if we follow what China wants it will only enrich China and make our assets sink.

[Skinny48]

Nice try china nice try, this still won't stop crypto from been that precious valuable assets than gold, I suspect they are doing this on purpose to drag the market down to a whole new level, I won't be surprised if the government starts buying crypto and making tons of money out of the tech, they know what they are doing fellas

[bitkanu]

It seems that we will keep seeing countries supporting crypto today and stop supporting crypto the next day, I can't imagine how many times china have stopped supporting crypto over and over, it looks like a planned manipulation to me

it already happened since bitcoin became popular but we can't deny that the big country was giving a very big impact to the crypto. China was a dictator country and anything that already seen as a threat for the china will be taken down by the regulators.
This is not something new in the crypto but  there were some bad cases about bitcoin that was making the market condition was become even worst than before.
The fact that so many people are shorting their bitcoin.

[ANSEL_2.0]

It seems that we will keep seeing countries supporting crypto today and stop supporting crypto the next day, I can't imagine how many times china have stopped supporting crypto over and over, it looks like a planned manipulation to me

it already happened since bitcoin became popular but we can't deny that the big country was giving a very big impact to the crypto. China was a dictator country and anything that already seen as a threat for the china will be taken down by the regulators.
This is not something new in the crypto but  there were some bad cases about bitcoin that was making the market condition was become even worst than before.
The fact that so many people are shorting their bitcoin.

It thus look like a planned work, how will china benefits from BTC if the price keeps rising? A country can double their fund if been put into crypto instead of stock market so don't even think that China is stupid, they did this to cripple crypto market for some time

[adzino]

The People’s Bank Of China Has Ordered All Financial Institutions To Cut Cryptocurrency -Related Services.  READ FULL DETAILS HERE:  https://worldpublicityblog.com/index.php/2021/06/25/the-peoples-bank-of-china-has-ordered-all-financial-institutions-to-cut-cryptocurrency-related-services/

Lol the great firewall of China. They are literally banning everything in their country so that they can have more control over their people and suppress information around the world. Won't be surprised if they end up banning international travel just like NK. I have a very bad feeling that things won't end up good for the Chinese government. I wonder how it feels to live in China. It would be the last country I would like to live in. Just waiting for China to launch their own "crypto currency" they have been talking about.