All crypto declared illegal in China!!!!!!!!!!!!!

[Xinarae*]

Even if china bans crypto it will not affect crypto apart from china many countries around the world are legalizing crypto. Bitcoin prices have risen more than ever before these countries will not have any impact on bitcoin will rise in price based on its demand and investment china is banning bitcoin to circulate its own currency. China’s central bank has declared all transactions in shubitcoin and other such virtual currencies illegal with this a campaign has been launched to ban the use of digital currency in an unauthorized manner.

[YOSHIE]

China declares all crypto-related transactions illegal and forbids overseas exchanges from serving its citizens.

No, the news is not completely true, I have a friend majority chinese, he knows more than me about crypto especially Bitcoin, I asked him about this situation in china, he told me, to hell with that rule, for now he can still do crypto buy/sell transactions either overseas or in china, bullshit.

I believe my friend, the news about China doing illegal crypto rules is only exaggerated by the public, for sure it's all bullshit, what actually happened was not like what was in the news, just wait for Bitcoin to reach the level of $100k, misleading trick, all the public are fooled by chinese rule.

[seramania]

What a surprise, a country who puts people who don't believe in the same religion that they want or god forbid they like a member of the opposite sex, you get put in camps..in 2021 mind you.  I personally fucking hate China as a whole.  Don't get me wrong I know there are some good people there but overall they are a bunch of scumbags and run their country like we are still in the medieval times.

believe that China does this because there is a specific purpose. I see if China has thought of any strategy to try to profit from crypto. including bitcoin ban strategies and others. this is like a tactic from china to profit from a bitcoin price shock