Nobody can ban crypto guys... yeah it might be tricky sometimes to convert fiat to crypto and back but once crypto gets widely adopted its game on.
Look at DeepOnion with TOR, OBFS4 and Meek... works everywhere... stealth addresses almost ready so privacy guaranteed.
Topic: China calling for a wider ban on Crypto currency trading ? - page 3. (Read 1610 times)
Just after the Korean news that Korea going to shut down all Crypto exchanges completely. A similar news coming from China now. here is the link for the news
https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/?utm_content=buffer291bb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/?utm_content=buffer291bb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
The news is usually not effective in the market.
South Korea started the same program to regulate the market.
It is difficult to completely ban the encryption of money, but China can control it fairly rigorously.
China is manipulate with bitcoin news for years, I get a feeling that all those miners in China actually work for their government. Until now I saw Chinese banning bitcoin several times and soon after changing that decision.
Last year manipulations with bitcoin and bitcash were interesting to watch, we saw how Chinese coordinate attack on bitcoin network, pushing bitcoin price down and bitcash price up, in the same time news from everywhere lead people to dump bitcoins at dropped price and to buy bitcash on top, many people fall on their trick.
I stated before and I will do it again, I don't believe in nothing that comes from Chinese, they are masters in manipulations, communists that is all they know to do.
Just after the Korean news that Korea going to shut down all Crypto exchanges completely. A similar news coming from China now. here is the link for the news
https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/?utm_content=buffer291bb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/?utm_content=buffer291bb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
Last month the south Korean financial services commission said it would ban the issuing of new trading accounts on the currency exchange. In a statement, the committee said that if a new account was opened, the government would have the right to take action, either stop trading or close the exchange.
The commission added that since most of the encrypted currency transactions were anonymous, users had to use their real names.
The south Korean government also said it would monitor Banks closely and would act "quickly" to restrict the flow of money into encrypted currencies if necessary.
The south Korean government has issued a warning that it would include shutting down all options, including the closing of a cryptocurrency exchange, in an effort to curb the use of cryptocurrency speculation, which has sent the currency tumbling.
Just after the Korean news that Korea going to shut down all Crypto exchanges completely. A similar news coming from China now. here is the link for the news
https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/?utm_content=buffer291bb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/?utm_content=buffer291bb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
The news is usually not effective in the market.
South Korea started the same program to regulate the market.
It is difficult to completely ban the encryption of money, but China can control it fairly rigorously.
Chinese regulators have been working to crack down on money laundering and fraud for years, and they do not want to preserve another means of supporting these criminal activities -- bitcoin. Perhaps worse than money laundering is the possibility of opening up a market that is often used for speculation, which has intermittently plagued China's financial markets. China's rapid financial development poses a continuing challenge to regulators, who have been trying to clamp down on unapproved practices before significant losses.
China's crackdown on the bitcoin deal also reflects disagreement over the views of all sides of the cryptocurrency. Some people think that bitcoin is simply a legitimate currency; But others see it as a "scam".
China's crackdown on the bitcoin deal also reflects disagreement over the views of all sides of the cryptocurrency. Some people think that bitcoin is simply a legitimate currency; But others see it as a "scam".
I mean some single cases, to be proposed in any other country
I think nobody really cares now what China says. They always say that and then you hear that most Chinese traders still secretly trades crypto and even migrate to continue what they are doing.
People still care about what happens in China, I'm not really sure why since China has chosen to withdraw from the market of cryptocurrencies and I suppose it's kind of difficult to let go of old habits and people still put attention to China thinking that is still as powerful as it was just a few years ago when it came to the influence it had over bitcoin but that has changed. Anyway, After I published this report , I didn't hear any new updates from china towards this action. I guess they are still not has come to a final conclusion to ban Crypto in China. They are just afraid of this new trend as they still collect more details about it.
I can agree with you but one we have to remember if they want to ban the cryptocurrency then they need to ban firstly NEO, Binance exchange both of them belong Chinese only. Till now, they never said directly that they are banning Cryptocurrency.
Now that I'm immune to fake news, what's wrong with this news? Does China completely ban bitcoin? No kidding.
There was a similar story last year (China will ban encrypted currency, and China bans password trading).
Now China can still trade bitcoin (VPNS)
The Chinese government did stopped its citizens from trading bitcoin by targeting methods including offshore sites and over-the-counter trading but people in China still trade bitcoin behind back door. There was a similar story last year (China will ban encrypted currency, and China bans password trading).
Now China can still trade bitcoin (VPNS)
Yeah I agree with alot of the comments made on here. China just loves to control people and what they do, this is no different. If the world accepts it then 1 day they may do too.
Anyway, After I published this report , I didn't hear any new updates from china towards this action. I guess they are still not has come to a final conclusion to ban Crypto in China. They are just afraid of this new trend as they still collect more details about it.
I can agree with you but one we have to remember if they want to ban the cryptocurrency then they need to ban firstly NEO, Binance exchange both of them belong Chinese only. Till now, they never said directly that they are banning Cryptocurrency.
Anyway, After I published this report , I didn't hear any new updates from china towards this action. I guess they are still not has come to a final conclusion to ban Crypto in China. They are just afraid of this new trend as they still collect more details about it.
I can agree with you but one we have to remember if they want to ban the cryptocurrency then they need to ban firstly NEO, Binance exchange both of them belong Chinese only. Till now, they never said directly that they are banning Cryptocurrency.
They are a little unpredictable and they can easily ban it.
You come across so many news regarding to this world of crypto currencies and that amongst those news, so many news are only rumors having no truth in reality. Same is the case regarding this news as none of the government official has so far announced any such thing and above all, the people living in China are happily investing and trading in crypto currency without any worries and are making out enough money out of it.
I think nobody really cares now what China says. They always say that and then you hear that most Chinese traders still secretly trades crypto and even migrate to continue what they are doing.
No, they will never ban it as a lot of people uses it.
Anyway, After I published this report , I didn't hear any new updates from china towards this action. I guess they are still not has come to a final conclusion to ban Crypto in China. They are just afraid of this new trend as they still collect more details about it.
As far as I have heard regarding this, the government of China have already banned the mining of nay of the crypto coin in their own country somewhat a month earlier and the reason for doing so is to save the resources of electricity for thee usage of the people living in that country. Study have revealed that it takes lot of consumption of electricity to mine even a single coin, that’s why they have disallowed this thing.
They are a little unpredictable and they can easily ban it.
Anyway, After I published this report , I didn't hear any new updates from china towards this action. I guess they are still not has come to a final conclusion to ban Crypto in China. They are just afraid of this new trend as they still collect more details about it.
As far as I have heard regarding this, the government of China have already banned the mining of nay of the crypto coin in their own country somewhat a month earlier and the reason for doing so is to save the resources of electricity for thee usage of the people living in that country. Study have revealed that it takes lot of consumption of electricity to mine even a single coin, that’s why they have disallowed this thing.In the long-run with continued FUD from China (that seems never-ending) tor-integrated currencies such as Verge and DeepOnion will thrive as a solution not only to enable covert mining operations in the country, but also as cryptocurrencies that are still safely usable. This is surely more relevant long-term. In particular ONIONS running over the Tor network (with obfs4 and meek) looks like it's providing one of the few options left in China for keeping transactions hidden from the state.
I think these messages didn't stop Chinese use encryption and investment currency, now the encryption of the market in China is still a fire, a lot of new users to join, encryption because they think money is the trend of the future, can give them a profit.
Anyway, After I published this report , I didn't hear any new updates from china towards this action. I guess they are still not has come to a final conclusion to ban Crypto in China. They are just afraid of this new trend as they still collect more details about it.
As far as I have heard regarding this, the government of China have already banned the mining of nay of the crypto coin in their own country somewhat a month earlier and the reason for doing so is to save the resources of electricity for thee usage of the people living in that country. Study have revealed that it takes lot of consumption of electricity to mine even a single coin, that’s why they have disallowed this thing. Jump to: