A ban on trade in China - page 3. | Bitcointalksearch.org

tonyja2017

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Quote from: Nikola282828 on January 16, 2018, 07:06:40 AM

The Chinese authorities will block all platform for cryptocurrency trading.

Previously, China has closed all major cryptocurrency exchanges under the jurisdiction of the country, however, according to the authorities, this is not enough, and they plan to block access to local and offshore platforms that allow for centralized manufacturing. It is reported Bloomberg citing sources familiar with the situation.

Last year the authorities decided to close the cryptocurrency exchanges under the jurisdiction of the country. However, she was recently seen increased activity on alternative venues. The sources Bloomberg did not specify how the authorities will define such platform.

I think they do it because they want to be good for their country. What do you think is going to happen in a country where price fluctuations are so high in your country? It is the people who will invest all the capital they have and when they are not lucky they will lose everything. It's not just one person that can happen to thousands or maybe millions of people. The bad thing is that the economy of that country will be severely depressed and of course their real money will be depreciated. That's my own opinion, can you tell me your opinion?

liuka

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No need to worried about that, China is not only trading cryptocurrency.
If they are ban on trade is not a problem.

skylark001

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Quote from: Nikola282828 on January 16, 2018, 07:06:40 AM

The Chinese authorities will block all platform for cryptocurrency trading.

Previously, China has closed all major cryptocurrency exchanges under the jurisdiction of the country, however, according to the authorities, this is not enough, and they plan to block access to local and offshore platforms that allow for centralized manufacturing. It is reported Bloomberg citing sources familiar with the situation.

Last year the authorities decided to close the cryptocurrency exchanges under the jurisdiction of the country. However, she was recently seen increased activity on alternative venues. The sources Bloomberg did not specify how the authorities will define such platform.

Yes, China is closing all avenues for trading of Crypto Currency. They are going on a nationalised way to sustain their own money in the nation. This news is the major cause of downtrend in almost all Cryptos such as Bitcoin, Ether, Deeponion and other alts.

Cryptophorus Columbus

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Chinese government has a strict control over population, and sure can create a lot of problems.
But cryptocurrency is the future and you can't stop it.

Andrej Peiboski

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Well, China is just trying - with success, actually - to manipulate the market by rumors: now with low price, their big investor can make cheap cryptoshopping and big profits.

network678

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Chinese government is stupid as usual, they don't care about bitcoin, they care only their corruptions.

mjnick01

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China is among the biggest bitcoin mining hubs in the world, but Chinese authorities cracked down on virtual currencies in 2017, outlawing initial coin offerings, shutting down local exchanges and limiting mining activity. The main threat is seen as the potential for a bubble in the sector, and its disconnectedness with the real economy.
“Pseudo-financial innovations that have no relationship with the real economy should not be supported,” Pan said.
“The financial work conference clearly called for limiting ‘innovations’ that deviate from the need of the real economy and escape regulation,” Pan said, according to Reuters.

S.Sandberg

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they don't try to eliminate cryptos they just want to control.

the big picture is that all government of the world will unite against bitcoin, and make it useless or highly taxed.

on the other hand, government controled cryptos will robably be used such as Ripple.

and maybe anonymous cryptos will be used in black markets

Dutchyyy

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Is any confirmation of this or the topic is only FUD?

I don't believe to ban the whole trade. This will mean to isolate themselves from one very actual technology.

vaso11

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Quote from: CopMom on January 17, 2018, 06:13:50 PM

China is currently the world's largest crypto center and is home to the world's largest exchange platform, Binance. So the news from China will greatly affect the exchange rate of the cryptocurrencies market. But the ban on cryptos in China is untrue because the market in China is very potential, and closing down will have a big impact on the economy.

I think that all this is fake or semi-fake news, I think that China thus manipulates the market itself

pooque

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Quote from: Nikola282828 on January 16, 2018, 07:06:40 AM

The Chinese authorities will block all platform for cryptocurrency trading.

Previously, China has closed all major cryptocurrency exchanges under the jurisdiction of the country, however, according to the authorities, this is not enough, and they plan to block access to local and offshore platforms that allow for centralized manufacturing. It is reported Bloomberg citing sources familiar with the situation.

Last year the authorities decided to close the cryptocurrency exchanges under the jurisdiction of the country. However, she was recently seen increased activity on alternative venues. The sources Bloomberg did not specify how the authorities will define such platform.

This is really not good news to our community,people yesterday started to dump bitcoin,ive researched futher but seems china and korea wont ban it totally but will regulate instead.

dificanovi

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I think they will eventully allow it but will end up putting lot of redtape on it make it harder btw all the more reason we need decentrilized web

hopefully they soon realize this, that because the decisions they make will make other countries much more developed in comparison to their country.

CopMom

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China is currently the world's largest crypto center and is home to the world's largest exchange platform, Binance. So the news from China will greatly affect the exchange rate of the cryptocurrencies market. But the ban on cryptos in China is untrue because the market in China is very potential, and closing down will have a big impact on the economy.

nata777

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Quote from: Nikola282828 on January 16, 2018, 07:06:40 AM

The Chinese authorities will block all platform for cryptocurrency trading.

Previously, China has closed all major cryptocurrency exchanges under the jurisdiction of the country, however, according to the authorities, this is not enough, and they plan to block access to local and offshore platforms that allow for centralized manufacturing. It is reported Bloomberg citing sources familiar with the situation.

Last year the authorities decided to close the cryptocurrency exchanges under the jurisdiction of the country. However, she was recently seen increased activity on alternative venues. The sources Bloomberg did not specify how the authorities will define such platform.

I'm 100 percent sure that all these news specially advertise to lower the price and put out weak hands from the market

boyjackyou

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No China didnt totally ban cryptocurrency trading but will regulate or will give some taxes on it,korea as well will only regulate the cryptocurrencies and they started to take some executive orders,we will see what will be the overcome of these regulations to each countries positively it will open some opportunity for us in the future.

dificanovi

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Quote from: Nikola282828 on January 16, 2018, 07:06:40 AM

The Chinese authorities will block all platform for cryptocurrency trading.

Previously, China has closed all major cryptocurrency exchanges under the jurisdiction of the country, however, according to the authorities, this is not enough, and they plan to block access to local and offshore platforms that allow for centralized manufacturing. It is reported Bloomberg citing sources familiar with the situation.

Last year the authorities decided to close the cryptocurrency exchanges under the jurisdiction of the country. However, she was recently seen increased activity on alternative venues. The sources Bloomberg did not specify how the authorities will define such platform.

this is bad news for their people because their government has banned the exchange of cryptocurrencies, hopefully they find a way out to overcome the problems they face now in their country.

poGium

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Quote from: Nikola282828 on January 16, 2018, 07:06:40 AM

The Chinese authorities will block all platform for cryptocurrency trading.

Previously, China has closed all major cryptocurrency exchanges under the jurisdiction of the country, however, according to the authorities, this is not enough, and they plan to block access to local and offshore platforms that allow for centralized manufacturing. It is reported Bloomberg citing sources familiar with the situation.

Last year the authorities decided to close the cryptocurrency exchanges under the jurisdiction of the country. However, she was recently seen increased activity on alternative venues. The sources Bloomberg did not specify how the authorities will define such platform.

Why does the chinese government absolutely have to impose a ban? What benefits does China have for others to suffer? I don't quite understand.

bramgg.crypto

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Grow with the flow.

I'm thinking this will only lead more and more people to truly anonymous cryptocurrency, people will always find their way.. So I'm not worried, I just benefit from taking this drop in prices and buy some more DeepOnions. Something is telling me that there will be a run on those in the near future so I'm stocking up. DeepOnions ftw.

Hammerman

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This is a very serious issue for the government of any state. Large financial flows pass their nose. They want to subordinate this process to the law. In my humble opinion, in China this will not happen quickly. Perhaps before the end of the year. But Chinese traders are very adventurous. Big money will return to the market. I think that after the Chinese holidays the situation will change.

MaiQwaN

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If China and Korea prohibit crypto-currency trade on their territories, they will only lose from this decision and allow other countries to develop faster in this area.

Topic: A ban on trade in China - page 3. (Read 1022 times)