CHINA is against the crypto But JAPAN is Supporting crypto echo system .

[Osama Maaz]

As we know that china is a powerful country , they participate in every technology and develop latest technology from mobile phones to robotics but in the future of finance field they stop their propels ,
As we know that this investment is risky and crypto market is very volatile but crypto is not only an investment this is a whole world Like blockchain, NFT, web 3.0 and freedom of banking system .
In the other hand Our old Japan which is well reputative in their manufacturing high quality tech. Support Crypto ecosystem and they believes that they are not determined on fait currency . Their digital minister boosting web 3.0 projects and know the power of crypto ,
                                  So in conclusion the counties which accept first the technology first they take many advantages and in the coming future china will understand the power and importance of the crypto world .
            PEACE OUT   ;)THANKS

[Accardo]

China as a country is different from China as in people. The government is against Bitcoin but the people in China make use of Bitcoin they are many miners in China and they have lots of investment in the ecosystem. Just that volatility made the government ban cryptocurrency to avoid massive number of citizens to suffer from loss of money. I don't think China will regret banning cryptocurrency because the people of China are into the technology and trade on exchanges too. I think the government will regret but the people in China that use and invest in cryptocurrency has nothing to lose. However, I don't know who you are referring to in your post if it's the government or the people.

[cheezcarls]

As we know that china is a powerful country , they participate in every technology and develop latest technology from mobile phones to robotics but in the future of finance field they stop their propels ,
As we know that this investment is risky and crypto market is very volatile but crypto is not only an investment this is a whole world Like blockchain, NFT, web 3.0 and freedom of banking system .
In the other hand Our old Japan which is well reputative in their manufacturing high quality tech. Support Crypto ecosystem and they believes that they are not determined on fait currency . Their digital minister boosting web 3.0 projects and know the power of crypto ,
                                  So in conclusion the counties which accept first the technology first they take many advantages and in the coming future china will understand the power and importance of the crypto world .
            PEACE OUT   ;)THANKS

China wants more control in which they’re against crypto due to being decentralized, so they’re outright banning it preventing their citizens from engaging into Bitcoin, etc. However, despite that they’re banning it, that didn’t stop crypto enthusiasts from China to still engage with Bitcoin, etc., like they are doing P2P transactions or any other way just to continue trading even if it’s difficult for them to convert it to cash due to the bans being imposed by the Chinese government.

And what I really don’t like about China is their censorship activities and having too much control of what the citizens are trying to get in to. Their citizens wanted freedom of speech, but the government prevents that. That is why before the crypto ban, they’ve already implemented the great firewall such as banning Youtube, Facebook, Twitter, etc.

[Apocollapse]

As we know that this investment is risky and crypto market is very volatile but crypto is not only an investment this is a whole world Like blockchain, NFT, web 3.0 and freedom of banking system .

How you did invest on blockchain? is there any price about "blockchain"?
NFT is still include as crypto since it's recorded on blockchain with each uniqueness of each token.
Cryptos are risky, but if you stick with Bitcoin, I'm sure your risk is reduced more than 98% to be trapped on shitcoins.

So in conclusion the counties which accept first the technology first they take many advantages and in the coming future china will understand the power and importance of the crypto world .

Not really, El Salvador already accept Bitcoin as a legal tender for around 9 months and there's no such advantages based on El Salvadorian when Bitcoin can be used as an alternative payment.

[romero121]

China is a big contributor to bitcoin during the beginning days. Japan is highly technology advanced and the government believed in cardless transaction and the same made bitcoin as a transaction medium. China always want things to be separate for them, and as a result China have made cryptocurrency ban and Japan have legalized the usage.

Japan is one of the country in which government supported the cryptocurrency acceptance and the government itself announced people to learn better about the different subject.

[qwertyup23]

China is a big contributor to bitcoin during the beginning days. Japan is highly technology advanced and the government believed in cardless transaction and the same made bitcoin as a transaction medium. China always want things to be separate for them, and as a result China have made cryptocurrency ban and Japan have legalized the usage.

Japan is one of the country in which government supported the cryptocurrency acceptance and the government itself announced people to learn better about the different subject.

I do agree with your statement.

The Chinese government, as a communist, wants control over their resources, technology, and economy. The fact that lots of Chinese miners started the trend of BTC mining was a threat viewed by their government due to the freedom BTC provided. Due to this, they implemented stringent regulations to the point that it ultimately prohibited cryptocurrencies in their country.

Japan, a country known for its technological advancement, is taking advantage of cryptocurrencies by its lenient regulations. They allow its utilization as they see its value in the long-term standard of payment.

[EdenHazard]

China is a big contributor to bitcoin during the beginning days. Japan is highly technology advanced and the government believed in cardless transaction and the same made bitcoin as a transaction medium. China always want things to be separate for them, and as a result China have made cryptocurrency ban and Japan have legalized the usage.

Japan is one of the country in which government supported the cryptocurrency acceptance and the government itself announced people to learn better about the different subject.

China as a country and chinese will always have a huge impact.

As a country economically they are always involved , pumping and dumping with its controversy boombastic rumors , that was our breakfast everyday ... isn't it? You should not shocked as it's become a routine that those 7 figure community using this as a weapon.
As well as japan that aleays become a leader in any innovation thing , so yeah nothing to surprised at all for me tho.

[GreatArkansas]

China is being a China.
They are really against cryptocurrency especially a few years/months a lot of regulations about cryptocurrency, especially the miners.
We can't blame them, that's how they look or their own vision about Bitcoin.
For sure in the future they will create their own kind of Bitcoin.

[tranthidung]

China news for ban, restriction, regulation on cryptocurrency nowadays have less effects than in the past.

Because Bitcoin miners and cryptocurrency exchanges have gradually moved out of China recent years ^[1]. I don't say no effects at all but much smaller and less dramatic than in the past.

That nation is a dictatorship so you can not expect their governments do things for goods of their citizens. Governmental decisions there are very biased and keened on the benefit of governments.

^[1] https://ccaf.io/cbeci/mining_map

[pooya87]

You are wrong since you are confusing a bunch of things here.

First you should learn the difference between bitcion, bitcoin mining, bitcoin trading (or exchanges in general), altcoins, tokens (ICO and its family) and the blockchain technology. They are not the same and you can't call all of it "crypto".

- Both China and Japan (and almost every other country) have banned token scam schemes including but not limited to ICOs one way or another.
- Both Japan and China and many other countries aren't recognizing altcoins and they have placed many restrictions on trading them. In China the exchanges are banned while in Japan they aren't but there is a huge tax on trading altcoins.
- Bitcoin is not banned by either one of these countries.
- Bitcoin mining is banned in China
- Both countries (and almost every other country) are interested in the underlying technology and want to adopt it for themselves like the CBDCs that China has created using the technology.

[BlackBaron]

As we know that china is a powerful country , they participate in every technology and develop latest technology from mobile phones to robotics but in the future of finance field they stop their propels ,
As we know that this investment is risky and crypto market is very volatile but crypto is not only an investment this is a whole world Like blockchain, NFT, web 3.0 and freedom of banking system.

The understanding of China and Japan is different both technologically and in other ways, in fact Japan has no effect on what China is doing, China is always against everything if it is considered unfavorable and does not sit with them, unlike Japan.

China has many problems with crypto, but there are also many other countries that don't care about China's treatment, it doesn't affect crypto even though there are new tricks they do with crypto.

[hugeblack]

Support and adoption of cryptocurrencies does not necessarily indicate financial freedom, but rather that these countries do not want citizens to have the same power as the government in managing their financial assets.
China is a fully centralized country and will prevent everything that is decentralized because it wants to tighten control over all monetary resources, a policy in which one country may differ from another.

[Dave1]

You have to understand China's form of government and then the freedom that BTC has given to people is in completely opposite. So when you see this, you will learn where the China's hatred for bitcoin's come from. I only said  bitcoin because there are crypto that they love specially those home grown or even the latest craze.

China’s non-fungible token (NFT) industry has published a “self-discipline initiative” that promises identity checks for users, adherence to the country’s ban on cryptocurrencies and a promise not to establish secondary marketplaces to fight speculation.

Platforms that sell digital collectibles, the term used in mainland China for NFTs that cannot be traded using cryptocurrency, “shall require real-name authentication of those who issue, sell and buy” the assets and “only support legal tender as the denomination and settlement currency”, reads the 14-article document endorsed by many of China’s biggest tech firms.

https://www.scmp.com/tech/big-tech/article/3184021/china-nfts-tencent-and-ant-group-join-industry-pledge-ban

They will allow it, but somewhat it will be in close lense, so they will have control of it.

But bitcoin? it's a different story, Chinese people can used it to hide their wealth or even could be viewed by the government as tools for "capital flight", and obviously, they don't want that outflow of money from their country.

[darkangel11]

The Chinese government is against every freedom. They'd like people to be brainless robots who obey orders, that's the essence of the communist party. Of course now they're so called people's party, suggesting that the people are the most important and the people decide, but the idea is exactly to do the opposite. Cryptocurrencies allow you to be independent and that's something the government will never support.
Ultimately it's the choice of the people. If they wanted to change the government they'd be able to do it like many other countries in history did with their oppressors but they're too brainwashed thinking they must support the government that protects them from the West.

[Nrcewker]

China as a country is different from China as in people. The government is against Bitcoin but the people in China make use of Bitcoin they are many miners in China and they have lots of investment in the ecosystem. Just that volatility made the government ban cryptocurrency to avoid massive number of citizens to suffer from loss of money.

This is only possible due to the decentralised nature of the Bitcoins.
They do not care, as the government cannot find how many Bitcoins a person has.
China’s people are not against Bitcoins but yes china’s government is. So no matter if the government accept or not, still the Chinese people will use it and take the advantages of it. Not only china, this Bitcoin adoption has been seen in many countries. Still Bitcoin are being used in these countries on a daily basis.

[dothebeats]

The Chinese government does not echo the sentiments of its people. They are known to heavily censor their people and go against what their people are really thinking. A lot of Chinese are into crypto even though the Chinese government itself doesn't want anything to do with it. They want to control their people in a lot of aspects as much as possible, and cryptocurrencies are obviously against that ideal of them. Japan, on the other hand, can make use of their ever-growing technological arsenal to accommodate this possible crypto adoption of theirs.

[amihada]

China has banned bitcoin investment in their country, but there are still many countries that do not prohibit bitcoin investment, such as Japan and there are countries that have legalized bitcoin such as Elsalvador and maybe in the future there will be other countries who want to follow the steps of the Elsalvador country.

[yazher]

It's easy to say that China doesn't really give a damn about some investments that they don't have any control over and they are too afraid to put their money on the trade for some kind of volatile investment where they speculate that they have a high chance of losing than winning. But these guys also don't want others to take advantage of this opportunity because they know that others will take an action to invest in the crypto market even though the assurance is not 100% profit. China just using its authority to say to the world they are against it but they know the fact that the crypto market is profitable.

[BobK71]

May be China wanted to take big advantage from crypto where they were not get the advantage. They may have thought that when they rejected the crypto, the price of crypto will fall down drastically and they will get the controlling power of crypto to buy large number of amount with less price. But America did not give them that opportunity., America took Crypto positively ‍at that moment. Currently Japan and many others countries in the world who have positive attitude on crypto.

[Obito]

They're not the same country so I don't think it matters why they should be compared in terms of their support in cryptocurrency. Japan has been technology oriented since the 90s so it's no surprise why they support crypto plus they're mostly democratic albeit collectivist society, unlike China which has an authoritarian form of government and they want to make sure that they're controlling their people and they see crypto as a threat to that control.