What else is new? Can you post the link to the article here so we can read it?
Cracking down on ALL cryptos would be too harsh and I'm not sure if they'll push through with that and include bitcoins. AFAIK, they do earn from those miners. Electricity there is cheap and it brings money in when those btc get sold.
Topic: China central bank will launch crackdown on virtual currencies . - page 2. (Read 244 times)
Market is currently on a downtrend and all of a sudden bearish articles are published...like clockwork. Also, this "news" is just a 2 line article, a bit odd isn't it? feels like a lame attempt to spread FUD by using the keywords "China", "crackdown", "virtual currencies".
And I don't think there's anything left to crackdown on, unless they want to push for more aggresive regulations. About their digital currency, no one cares, it's only relevant to chinese citizens.
And I don't think there's anything left to crackdown on, unless they want to push for more aggresive regulations. About their digital currency, no one cares, it's only relevant to chinese citizens.
"crack down on cryptocurrencies" and meanwhile PBoC is creating "their own cryptocurrency"! can they be more obvious than this? they are trying to force their centralized altcoin on their people!
i find it very interesting and i would love to see how that turns out. in fact i am sure a lot of others (i mean the government of different countries) are as curious as i am about this and want to see what happens!
my guess is that it will gain some traction but it won't even come close to bitcoin and probably most of the altcoins because of a simple fact: it is centralized to PBoC and you can't fight bitcoin!
What do you think about this report ??
i find it very interesting and i would love to see how that turns out. in fact i am sure a lot of others (i mean the government of different countries) are as curious as i am about this and want to see what happens!
my guess is that it will gain some traction but it won't even come close to bitcoin and probably most of the altcoins because of a simple fact: it is centralized to PBoC and you can't fight bitcoin!
Perhaps these statements are another fake in order to reduce the price of bitcoin. But I can reassure everyone. Any digital currency controlled by the government has no difference from Fiat. All users of cryptocurrencies use them because they want to get away from centralization. People will not buy the digital assets of governments.
You will only loose your capital if you cash out now that the values are lower.
You will be ok if you hold what you have because in crypto terms you still have
everything. The only thing that has changed is the FIAT value.
i'm holding XVG and CMT rightnow , with a newbie like me , trade at this time is not good . I lost too much when go to Crypto market with too much knowledge . what a expensive lesson !! Hope i can study more at this forum You will be ok if you hold what you have because in crypto terms you still have
everything. The only thing that has changed is the FIAT value.
You will only loose your capital if you cash out now that the values are lower.
You will be ok if you hold what you have because in crypto terms you still have
everything. The only thing that has changed is the FIAT value.
You will be ok if you hold what you have because in crypto terms you still have
everything. The only thing that has changed is the FIAT value.
BEIJING (Reuters) - China’s central bank will launch a crackdown on all types of virtual currencies this year, a vice governor of the central bank said on Thursday.
A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing, April 3, 2014. REUTERS/Petar Kujundzic
The central bank will also push forward the research and development of its own digital currency this year, Fan Yifei said in a statement posted on the website of the People’s Bank of China (PBOC).
source :reuters.com
What do you think about this report ?? I lost 40% my capital with this storm , so sad !!
A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing, April 3, 2014. REUTERS/Petar Kujundzic
The central bank will also push forward the research and development of its own digital currency this year, Fan Yifei said in a statement posted on the website of the People’s Bank of China (PBOC).
source :reuters.com
What do you think about this report ?? I lost 40% my capital with this storm , so sad !!
Hmm. Isn't it that the Chinese government is already waging war against crypto since September of last year? How come you still lost 40% when they are no longer the superpower that they once are? I don't think that this is very surprising to be honest, that's why I believed that the next crackdown will be the bitcoin mining farm. If you are taking as to was causes the downtrend today, I don't think that this is one of the major factors as many of us already know that they already turn their backs on us. As far as their own digital currency, nah, I don't think that they will be successful, people wants decentralizes crypto not something back up by government with heavy taxes on them. Might as well go for stocks or mutual or any other trading portfolio.
. But i saw many people took profit with "storm" at crypto market. I think i'm not goot and don't have enough knowledge for alive at this market. How about you ? Are you ok in this time ? 
BEIJING (Reuters) - China’s central bank will launch a crackdown on all types of virtual currencies this year, a vice governor of the central bank said on Thursday.
A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing, April 3, 2014. REUTERS/Petar Kujundzic
The central bank will also push forward the research and development of its own digital currency this year, Fan Yifei said in a statement posted on the website of the People’s Bank of China (PBOC).
source :reuters.com
What do you think about this report ?? I lost 40% my capital with this storm , so sad !!
A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing, April 3, 2014. REUTERS/Petar Kujundzic
The central bank will also push forward the research and development of its own digital currency this year, Fan Yifei said in a statement posted on the website of the People’s Bank of China (PBOC).
source :reuters.com
What do you think about this report ?? I lost 40% my capital with this storm , so sad !!
Hmm. Isn't it that the Chinese government is already waging war against crypto since September of last year? How come you still lost 40% when they are no longer the superpower that they once are? I don't think that this is very surprising to be honest, that's why I believed that the next crackdown will be the bitcoin mining farm. If you are taking as to was causes the downtrend today, I don't think that this is one of the major factors as many of us already know that they already turn their backs on us. As far as their own digital currency, nah, I don't think that they will be successful, people wants decentralizes crypto not something back up by government with heavy taxes on them. Might as well go for stocks or mutual or any other trading portfolio.
BEIJING (Reuters) - China’s central bank will launch a crackdown on all types of virtual currencies this year, a vice governor of the central bank said on Thursday.
A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing, April 3, 2014. REUTERS/Petar Kujundzic
The central bank will also push forward the research and development of its own digital currency this year, Fan Yifei said in a statement posted on the website of the People’s Bank of China (PBOC).
source :reuters.com
What do you think about this report ?? I lost 40% my capital with this storm , so sad !!
A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing, April 3, 2014. REUTERS/Petar Kujundzic
The central bank will also push forward the research and development of its own digital currency this year, Fan Yifei said in a statement posted on the website of the People’s Bank of China (PBOC).
source :reuters.com
What do you think about this report ?? I lost 40% my capital with this storm , so sad !!
Jump to: