Topic: China cracking down on bitcoin again - page 2. (Read 801 times)
I think all this news has something to do with halving bitcoin next year. They Chinese people are clearly very clever in this matter, pressing the price of bitcoin so it does not rise first this year so they can buy it up. Many times I see news like this that makes the price of bitcoin go down. After a few months the price will rise dramatically again.
The Chinese government seem to have develop strict measures to curb the activities involving the use of bitcoin. Despite the strict measures or regulations, I don't know the right word to use in this instance. I believe the citizenry that are actively involved in cryptocurrencies would still find ways to exploit the system.
Cryptocurrency is now one of the political discussions for some countries. In the past China was actually a major contributor to the progress of crypto in the development of bitcoin. there is the biggest exchange and also the method of payment with bitcoin ever happened before finally all matters relating to their cryptocurrency banned. If I am not wrong that I want to say boldly that China is really afraid of bitcoin as a threat of their country's economy, It may be a new happening between Binance and Alipay, Of course, Alipay needs to follow the rule of China government because they have a good reputation within this country, not only that but also some blame should go to the Bitcoin platform because it's still a very volatile platform, how a government take risk for their people to get engaged in this system, but the Chinese people are really doing a vast portion within cryptocurrency platform, but China is very strick to use Bitcoin and Altcoin to their territory but at the beginning of cryptocurrency invention, China was not as like today. how things can change?
I hold same opinion in this matter. It is not like China hates bitcoin or considers it as some useless innovation in the field of technology. It is actually exact opposite. China admires bitcoin and there had been times when it tried to control this but then realized that no one can really control it and in the digital market, the coin that has most investors is the key to control it. China wants to take control from bitcoin.
If I am not wrong that I want to say boldly that China is really afraid of bitcoin as a threat of their country's economy, It may be a new happening between Binance and Alipay, Of course, Alipay needs to follow the rule of China government because they have a good reputation within this country, not only that but also some blame should go to the Bitcoin platform because it's still a very volatile platform, how a government take risk for their people to get engaged in this system, but the Chinese people are really doing a vast portion within cryptocurrency platform, but China is very strick to use Bitcoin and Altcoin to their territory but at the beginning of cryptocurrency invention, China was not as like today. how things can change?
China government really want bitcoin to vanish from their country although it can't be stopped, They have banned bitcoin exchanges and miners, now they want to close the door for any potential way being used by citizens to trade bitcoin and other cryptocurrencies. I thought bitcoin transaction was done last year after they banned exchanges but apparently people can find another way, even if Alipay will immediately stop every transactions identified as crypto-transactions, there are others way to transact under the radar obviously.
The Chinese government seem to have develop strict measures to curb the activities involving the use of bitcoin. Despite the strict measures or regulations, I don't know the right word to use in this instance. I believe the citizenry that are actively involved in cryptocurrencies would still find ways to exploit the system.
The Chinese government and the central bank has tried many times to shut down the Bitcoin mining and destroy the idea of cryptocurrency. But they were never successful in this. They even banned the trading of cryptocurrency to fiat. And the exchanges responded by replacing fiat (CNY) with Tether (USDT). Whatever measures the Chinese government take to discourage the usage of Bitcoin in their territory, it is only going to backfire upon them. It will be better for them to take a less hostile approach, similar to what the South Koreans have done.
The latest attempt features Alipay (payment processor):
https://cointelegraph.com/news/official-alipay-to-ban-all-bitcoin-related-transactions
I think what has happened is this: China closed down all the cryotocurrency exchanges back in early 2017.
Then Binance tweeted to their Chinese users that they could buy bitcoin with Alipay. The Chinese authorities then put pressure on Alipay to close down any bitcoin related transactions, which is what they've done.
Early 2017 China have banned bitcoin transaction make bitcoin dump and investor panic for selling bitcoin, after few week bitcoin got good respond from Japan want to adopt bitcoin as legal investment, one day after Japan accepted bitcoin price of bitcoin wake up to higher price and many panic bitcoin seller very disappointed have sell their bitcoin assets with lower price.https://cointelegraph.com/news/official-alipay-to-ban-all-bitcoin-related-transactions
Quote
Alipay, the digital payment arm of Chinese e-commerce giant Alibaba, has declared that it will be banning any transactions related to Bitcoin (BTC) and other cryptocurrencies.
On Oct. 10, Alipay reiterated its anti-crypto stance in a Twitter thread, which warned that the company is closely monitoring over-the-counter transactions to identify irregular behavior and ensure compliance with relevant regulations. Alipay wrote:
“If any transactions are identified as being related to bitcoin or other virtual currencies, @Alipay immediately stops the relevant payment services.”
This move follows various reports that Alipay is being used for BTC transactions.
Binance uses Alipay for buying crypto
On Oct. 9, major crypto exchange Binance confirmed on Twitter that it has begun accepting fiat currencies through online payment service Alipay and mobile messaging and payment app WeChat.
Binance CEO Changpeng Zhao, also known as CZ, clarified that the exchange is not working directly with WeChat or Alipay, and users are still able to use them for peer-to-peer transactions.
This announcement followed the implementation of Binance’s peer-to-peer trading for Bitcoin, Ether (ETH) and Tether (USDT) against the Chinese yuan (CNY) earlier, as reported by Cointelegraph.
On Oct. 10, Alipay reiterated its anti-crypto stance in a Twitter thread, which warned that the company is closely monitoring over-the-counter transactions to identify irregular behavior and ensure compliance with relevant regulations. Alipay wrote:
“If any transactions are identified as being related to bitcoin or other virtual currencies, @Alipay immediately stops the relevant payment services.”
This move follows various reports that Alipay is being used for BTC transactions.
Binance uses Alipay for buying crypto
On Oct. 9, major crypto exchange Binance confirmed on Twitter that it has begun accepting fiat currencies through online payment service Alipay and mobile messaging and payment app WeChat.
Binance CEO Changpeng Zhao, also known as CZ, clarified that the exchange is not working directly with WeChat or Alipay, and users are still able to use them for peer-to-peer transactions.
This announcement followed the implementation of Binance’s peer-to-peer trading for Bitcoin, Ether (ETH) and Tether (USDT) against the Chinese yuan (CNY) earlier, as reported by Cointelegraph.
I think what has happened is this: China closed down all the cryotocurrency exchanges back in early 2017.
Then Binance tweeted to their Chinese users that they could buy bitcoin with Alipay. The Chinese authorities then put pressure on Alipay to close down any bitcoin related transactions, which is what they've done.
China wants its citizens to have bitcoin or crypto available on the market today. it seems they are very serious about membaned all crypto currencies. but I have read that China will make its own digital currency but that currency is the same stable as USDT and has the same value as the CNY currency.
China is one of those countries that admires wonders of technology and believes in its power. I believe China is not against the concept of crypto currencies but only bitcoin as this can cause them a lot of problem if its people start investing in bitcoin. The simple rule is, who controls money and market, controls the world. Bitcoin is a big threat to everyone who is against freedom of economy. As a matter of fact they already have digital payment processing created by their own local company and is quite popular there I guess cryptocurrency already lose its way if it want to penetrate chinese market.
The latest attempt features Alipay (payment processor):
https://cointelegraph.com/news/official-alipay-to-ban-all-bitcoin-related-transactions
I think what has happened is this: China closed down all the cryotocurrency exchanges back in early 2017.
Then Binance tweeted to their Chinese users that they could buy bitcoin with Alipay. The Chinese authorities then put pressure on Alipay to close down any bitcoin related transactions, which is what they've done.
Early 2017 China have banned bitcoin transaction make bitcoin dump and investor panic for selling bitcoin, after few week bitcoin got good respond from Japan want to adopt bitcoin as legal investment, one day after Japan accepted bitcoin price of bitcoin wake up to higher price and many panic bitcoin seller very disappointed have sell their bitcoin assets with lower price. https://cointelegraph.com/news/official-alipay-to-ban-all-bitcoin-related-transactions
Quote
Alipay, the digital payment arm of Chinese e-commerce giant Alibaba, has declared that it will be banning any transactions related to Bitcoin (BTC) and other cryptocurrencies.
On Oct. 10, Alipay reiterated its anti-crypto stance in a Twitter thread, which warned that the company is closely monitoring over-the-counter transactions to identify irregular behavior and ensure compliance with relevant regulations. Alipay wrote:
“If any transactions are identified as being related to bitcoin or other virtual currencies, @Alipay immediately stops the relevant payment services.”
This move follows various reports that Alipay is being used for BTC transactions.
Binance uses Alipay for buying crypto
On Oct. 9, major crypto exchange Binance confirmed on Twitter that it has begun accepting fiat currencies through online payment service Alipay and mobile messaging and payment app WeChat.
Binance CEO Changpeng Zhao, also known as CZ, clarified that the exchange is not working directly with WeChat or Alipay, and users are still able to use them for peer-to-peer transactions.
This announcement followed the implementation of Binance’s peer-to-peer trading for Bitcoin, Ether (ETH) and Tether (USDT) against the Chinese yuan (CNY) earlier, as reported by Cointelegraph.
On Oct. 10, Alipay reiterated its anti-crypto stance in a Twitter thread, which warned that the company is closely monitoring over-the-counter transactions to identify irregular behavior and ensure compliance with relevant regulations. Alipay wrote:
“If any transactions are identified as being related to bitcoin or other virtual currencies, @Alipay immediately stops the relevant payment services.”
This move follows various reports that Alipay is being used for BTC transactions.
Binance uses Alipay for buying crypto
On Oct. 9, major crypto exchange Binance confirmed on Twitter that it has begun accepting fiat currencies through online payment service Alipay and mobile messaging and payment app WeChat.
Binance CEO Changpeng Zhao, also known as CZ, clarified that the exchange is not working directly with WeChat or Alipay, and users are still able to use them for peer-to-peer transactions.
This announcement followed the implementation of Binance’s peer-to-peer trading for Bitcoin, Ether (ETH) and Tether (USDT) against the Chinese yuan (CNY) earlier, as reported by Cointelegraph.
I think what has happened is this: China closed down all the cryotocurrency exchanges back in early 2017.
Then Binance tweeted to their Chinese users that they could buy bitcoin with Alipay. The Chinese authorities then put pressure on Alipay to close down any bitcoin related transactions, which is what they've done.
Then Binance tweeted to their Chinese users that they could buy bitcoin with Alipay. The Chinese authorities then put pressure on Alipay to close down any bitcoin related transactions, which is what they've done.
Even though the landing effect of this could be linked to the Chinese government as the people piloting the outburst by AliPay, there is need to put things in perspective which in this case, I would blame Binance more. When Binance came out to announce that people can now use AliPay to purchase bitcoin, did they have a Memorandum of Understanding with the company that such deal is to be made or they have jointly addressed a press conference to talk about their new found relationship and how that would change the way transactions are done with crypto in addition to how the step is a major move in having collaboration between the two pairs?. Since they didn't do that, it becomes easy for AliPay to come and debunk such news by not only transferring the risk of any issue to the end users and also with a sledge hammer wanting to frustrate such transactions.
In this case, it simple a business transaction which I don't think there is need to lose sleep over when its time, all those trying to stay way from bitcoin would eventually adopt the crypto in other for them to tap markets that are yet to be fully broken into. Its a matter of time.
China wants its citizens to have bitcoin or crypto available on the market today. it seems they are very serious about membaned all crypto currencies. but I have read that China will make its own digital currency but that currency is the same stable as USDT and has the same value as the CNY currency.
China is one of those countries that admires wonders of technology and believes in its power. I believe China is not against the concept of crypto currencies but only bitcoin as this can cause them a lot of problem if its people start investing in bitcoin. The simple rule is, who controls money and market, controls the world. Bitcoin is a big threat to everyone who is against freedom of economy. Last update news China have invest much money in bitcoin for attacking economic problem with Unite State, China want to adopt bitcoin as their investment assets to keep earn profit with lower economic condition after United State not allowed for selling China product export to United State, I think best ideas if China want to adopt bitcoin as investment assets.
From where you are getting all these updates which is not available elsewhere. China banned bitcoin trading in 2017 and all the exchanges are shut down by the authorities but people are still trading using P2P methods and even when Binance announced their P2P platform Alipay announce in social media site that they will ban any user who deal with bitcoin and that announcement might have made because of pressure from the authorities and you think China is planning to adopt bitcoin 
. 
As usual, China is a country that is strict with regulations, especially if it involves goods / things from outside their country. Even though I was quite happy when binance opened a cryptocurrency purchasing service through AliPay, actually there are still many ways to purchase in China, but it's a bit complicated. They only press the digital currency that is not from their country, China still wants to make a own digital currency.
Now Chinese people are not very stupid. They know very well what exactly bitcoin provides them and obviously no one with a little wisdom will lose such a golden opportunity like bitcoin.
Bitcoin and China go very well together because the people there are truly in need of it with how their overly oppressive government is tightening its control over them year after year.In most western countries the need for something like Bitcoin is limited because the people there are not being chased after the way the Chinese government does so, and the Chinese people are also subjected to a currency war.
In other words, this is the perfect environment for Bitcoin to thrive, and it does. I expect the Chinese government to come up with even harsher regulations, but that will make people even more attracted to Bitcoin as freedom tool.
China wants its citizens to have bitcoin or crypto available on the market today. it seems they are very serious about membaned all crypto currencies. but I have read that China will make its own digital currency but that currency is the same stable as USDT and has the same value as the CNY currency.
I think China forced to make its own cryptocurrency, because they saw that bitcoin popularity are being increased and to that they're afraid that all chinese citizens supporting bitcoin in all their market than fiat. maybe that's china biggest fear to happen. so now they make their own move to block bitcoin as soon as possible.but I am sure can't do that easily because their society knows what their aiming.
China can do whatever they wants for their own interests.
not just china alone but many are copying that move . they want to own everything but they still cant do it succesfully They want to control everything. China is trying to control bitcoin itself. Which is not possible by China.
its possible . they can declare a ban which did happen before China goes on to compete with the United States. The result of which has been very bad. So you ignore Chinese, hold Bitcoin. 
did they ? how can you say that the result were bad ? china did already do what they wanted to do . so as on the u.s but i cant tell if who was the winner. we can just ignore them and continue on our business as soon as btc is still okay on our own country
China has been getting more and more attention recently with this Hong Kong deal, HK is not stopping and they continue to resist and China keeps helping out the HK government to stop it, since there is literally billions of dollars backing the government they are easily sending more and more cops and soldiers to stop the riots whereas HK people won't stop until their demands are met.
China and HK are two different governments and China has to accept that, they are already harvesting organs from alive members of Uyghurs which is already at NAZI level of concentration camp deal and nobody in the world do anything about it because they are afraid of pissing of China but at the same time we do not like whats going on there neither so we have to figure out a way to solve all of these issues.
China and HK are two different governments and China has to accept that, they are already harvesting organs from alive members of Uyghurs which is already at NAZI level of concentration camp deal and nobody in the world do anything about it because they are afraid of pissing of China but at the same time we do not like whats going on there neither so we have to figure out a way to solve all of these issues.
China can do whatever they wants for their own interests. They want to control everything. China is trying to control bitcoin itself. Which is not possible by China. China goes on to compete with the United States. The result of which has been very bad. So you ignore Chinese, hold Bitcoin.
China wants its citizens to have bitcoin or crypto available on the market today. it seems they are very serious about membaned all crypto currencies. but I have read that China will make its own digital currency but that currency is the same stable as USDT and has the same value as the CNY currency.
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