All bans, which wrote articles and news, nothing but a means of manipulating the market, nothing more. China is the first to extract Bitcoin and spread panic in their hands.
If the Chinese government would like to prohibit Bitcoin and other cryptocurrency from visiting them, they would have done it a long time ago. However, since the summer of 2017, they are only threatening to ban it, impose some minor restrictions, but the cryptocurrency in China is still free to go there. Now another panic has arisen related to the possible prohibition of Bitcoin mining. This panic has been going on for so long that many miners have long since left this country with their farms, and there is still no prohibition. Or maybe not? 
Topic: Bitcoin is permitted by Law, Chinese Arbitration Court Says (Read 637 times)
I draw conclusions from China, which is positive for Bitcoin,
Why don't other countries take one example of the Chinese state? all know that China is great at trade.
Hopefully this news can encourage other countries to take part in legalizing Bitcoin.
Why don't other countries take one example of the Chinese state? all know that China is great at trade.
Hopefully this news can encourage other countries to take part in legalizing Bitcoin.
Bitcoin is legal in China but they want to know who owns how much for capital controls in the country.
The underground market for buying and selling bitcoin in China is only going to grow the more it affects the yuan.
The value of the yuan is going to have problems in future and they won't want people having sovereign money that can be used worldwide like bitcoin. It will be huge political issue in every country but nobody can control or stop bitcoin.
The underground market for buying and selling bitcoin in China is only going to grow the more it affects the yuan.
The value of the yuan is going to have problems in future and they won't want people having sovereign money that can be used worldwide like bitcoin. It will be huge political issue in every country but nobody can control or stop bitcoin.
if they wanted to do that then they would have never banned/closed exchanges without opening a new one themselves. by closing exchanges they closed any chance of them having any kind of control over capital in their country.
and it is not much of "underground market" in China. it is either foreign exchanges like using Japanese exchange or P2P ways like localbitcoins or equivalent.
as for Yuan value, it is the same argument as always; bitcoin is not big enough to make a difference.
the attitude and status of cryptocurrency and bitcoin is very fast changing in China and maybe this is one strategy to change market values / prices because as we know the community and Chinese investors are the most market players
https://bitcoinist.com/bitcoin-permitted-law-china-court/
The Shenzhen Court of International Arbitration recently issued a ruling saying there is no prohibition against Bitcoin ownership and transfer in China. The decision means that despite the ban on ICOs and virtual currency trading, Bitcoin and other cryptocurrencies are legally regarded as property in the country.
Unsurprising since they basically mine the majority of bitcoin in the world. We will see how this would influence other countries.
The Shenzhen Court of International Arbitration recently issued a ruling saying there is no prohibition against Bitcoin ownership and transfer in China. The decision means that despite the ban on ICOs and virtual currency trading, Bitcoin and other cryptocurrencies are legally regarded as property in the country.
Unsurprising since they basically mine the majority of bitcoin in the world. We will see how this would influence other countries.
I am believe this decision is good for cryptomarket. China investor will investing their fund in cryptocurrency much more because its legal. Many big exchanger from china and i am believe much more investor from china. I am believe this will influence to others country
Bitcoin is legal in China but they want to know who owns how much for capital controls in the country.
The underground market for buying and selling bitcoin in China is only going to grow the more it affects the yuan.
The value of the yuan is going to have problems in future and they won't want people having sovereign money that can be used worldwide like bitcoin. It will be huge political issue in every country but nobody can control or stop bitcoin.
The underground market for buying and selling bitcoin in China is only going to grow the more it affects the yuan.
The value of the yuan is going to have problems in future and they won't want people having sovereign money that can be used worldwide like bitcoin. It will be huge political issue in every country but nobody can control or stop bitcoin.
So it is legal to own bitcoin in China, and it's been confirmed in a legal judgement. However there is still a prohibition on ICO's which will limit the potential of new coins to reach a large and enthusiastic market. Perhaps the confirmation of the legality is the start of a more liberal official stance on crypto in general.
The legalization of bitcoin in China with its huge population is a very important step in the development of bitcoin. The decision of the court approved the already obvious truth that Bitcoins are property of value.
https://bitcoinist.com/bitcoin-permitted-law-china-court/
The Shenzhen Court of International Arbitration recently issued a ruling saying there is no prohibition against Bitcoin ownership and transfer in China. The decision means that despite the ban on ICOs and virtual currency trading, Bitcoin and other cryptocurrencies are legally regarded as property in the country.
Unsurprising since they basically mine the majority of bitcoin in the world. We will see how this would influence other countries.
The Shenzhen Court of International Arbitration recently issued a ruling saying there is no prohibition against Bitcoin ownership and transfer in China. The decision means that despite the ban on ICOs and virtual currency trading, Bitcoin and other cryptocurrencies are legally regarded as property in the country.
Unsurprising since they basically mine the majority of bitcoin in the world. We will see how this would influence other countries.
This is interesting news. I wonder how much weight such a ruling carries for real.
Although if it is true citizens are free to hold and transact in bitcoin that is actually great news for the future.
Banning icos is not that big of an issue.
I am very happy to hear this news, because we all know that many large investors come from China, and I am optimistic that crypto will return to success if many Chinese investors return to the crypto market.
As you know, China is an ambitious country that always wants to dominate everything including cryptocurrency. They do not want to overwhelm any country so they are trying to dominate the bitcoin market by creating the best conditions for it to work.
Not only that, but today on Coindesk news you can see that Hong Kong's Securities and Futures Commission will bring crypto funds under its securities regulations.
So it seems to me like they are stepping it up a notch beyond just allowing crypto.
So it seems to me like they are stepping it up a notch beyond just allowing crypto.
What I understand here is that China accepts bitcoin ownership but is not allowed to trade, people can still store them on their wallets. It will not change the market as well
This is very good news because most recently, China has acted as an opponent of Bitcoin and everything connected with it. I think that is not far off a new wave of growth
China is trying to dominate in cryptocurrency. It is also trying to dominate in artificial intelligence. Other countries should already monitor China if they are not yet doing it because knowing China, there is something more happening behind all these. They have been allegedly manipulating their own economy. They are also known to spread propaganda to their own citizens. With crypto and AI, they can do those things more easily.
Every large country can see the writing on the wall, crypto is going to be big business like a second silicon valley. Each country wants the jobs but wants to walk a fine line where they actually get taxes from it and it isn't rampant with ico scams.Well it still has a very long way to go for btc in china. It's one step ahead of course and probably a ray of hope for chinese crypto enthusiasts but i don't think it's time for them to celebrate yet.
China is trying to dominate in cryptocurrency. It is also trying to dominate in artificial intelligence. Other countries should already monitor China if they are not yet doing it because knowing China, there is something more happening behind all these. They have been allegedly manipulating their own economy. They are also known to spread propaganda to their own citizens. With crypto and AI, they can do those things more easily.
Every large country can see the writing on the wall, crypto is going to be big business like a second silicon valley. Each country wants the jobs but wants to walk a fine line where they actually get taxes from it and it isn't rampant with ico scams.
China has already banned crypto. So anything coming from the country is a bait I think. They won't be less strict in this regard.
Nothing really changes exccept the fact it is legal in that state now. Despite ban, chinese people have been well into the cryptoworld. The goverment struggled in their effort to control the cryptocurrency in their country.
While the ban was effective in China we still saw the majority of miners still living there inspite the law. So with these news I do not think nothing will change rather than the fact that the cryptocurrency enthusiasts living there will be relieved.
Well Chinese court might approve of Bitcoin but this decision does not apply to other countries. There are strict reles in other countries that needs to be decimated.
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