Topic: China implements new strict controls on Cryptocurrency - page 4. (Read 648 times)
China is free to deal with illegal cryptocurrency activities, but they should leave bitcoin traders alone and let them do their legitimate trade and investment without any harassment. Bitcoin runs on blockchain, and bitcoin made blockchain popular before other event started been birthed on the blockchain. So blockchain and cryptocurrency are interwoven when we speak of a truly decentralized system.
Well for a long time crypto has been making an impact on the Chinese market, that most mining and exchanges companies favored it, and due to how popular the crypto is there the government saw how their currency would start to fall behind so they started taking actions, from setting strict regulations and threatening to ban it , to creating their own centralized cryptocurrency, i feel like china is the first and other governments will do the same in the near future, because if you can't beat them join them.
That is exactly what the head of China said. Everyone should pay attention to blockchain and education. Otherwise, no progress. If you would like to study in more depth the financial methods of making money on cryptocurrencies and the use of blockchain technologies, then try the taklimakan network. Because people who will be well versed in crypto will be missed for a long time, and for you this is a chance to show your knowledge and get excellent opportunities
I'm less concerned about whether China will be a conductor of blockchain technology or not, like other countries. It would be better if instead of irrational competition, China and the United States, since they are the leading countries of the world, think about solutions to expand the new technology. But here we still come to simple mercantile tasks, China wants to promote the yuan, and the US dollar. Although fiat currencies should have already begun to be replaced by digital
Currently, cryptocurrencies are owned and traded by no more than 5% of the total population of the planet. I am not a forecaster, but I see that the bulk of people react like "we heard about it, but don’t understand." What kind of mass adoption is it? China will begin with its society to introduce technology so that people can control it. These are the most high-tech sectors of the economy. It remains for us to either swallow dust to follow them or try to rise to a level that will fill the shortage of specialists for this industry
China has taken the right step looking at the future! The Chinese government is aware of the risks related to cryptos and decentralization! They are aware that serious financial frauds can be organized using cryptos and hence they want to roll out strict regulations to prevent such misconducts from happening! That makes sense!
However, don't link the current downfall with this announcement! Such news may have affected botcoin's price to a certain extent but not entirely! There are other things that might have played their part as well! Don't forget about upcoming black friday and Christmas!
However, don't link the current downfall with this announcement! Such news may have affected botcoin's price to a certain extent but not entirely! There are other things that might have played their part as well! Don't forget about upcoming black friday and Christmas!
Sooner or later every government has to do that. In my view cryptocurrency is no way beneficial for governments and centralized financial institutes like banks.
Banks have already started movement againest decentralized cryptocurrency aka BTC.
The Shanghai Headquarters of the People's Bank of China said that in the process of promoting the blockchain technology, virtual currency speculation has gone up. Next, the cryptocurrency business activities in the area will be continuously monitored. Once illegal activity is found, it will be punished immediately, and it will be done early and prevent it from happening. The Shanghai Headquarters of the People's Bank of China said it would rectify illegal cryptocurrency speculation and remind investors not to replace cryptocurrency with blockchain technology. As soon as the news came out, Bitcoin’s market was also affected by it. It recently broke through the $7,000 level and continued to go down.
I'm not quite sure if this could be considered as either positive or negative news. The Shanghai headquarters seems to be in good spirits with this promotion, even it it seems like an attempt to profit in on the increased amount of speculation. Either way, whether good or bad, it's a very smart and strategic move. Maybe other countries will follow within similar footsteps, because it seems like Blockchain tech has taken the world by storm. I'm quite sure nobody wants to be left behind on the innovation, not even the governments. If China wants to build a blockchain society, will it not be a threat to the crypto economy? China has a desire to maintain decentralization and control over all spheres of life of its citizens, will they not behave also for digital currencies?
Look at all the goods in your home, more than 95% will be from China. They have the largest mining volume and they are technically well trained to become a leading country on the contrary, which will show everyone how to massively introduce new technologies into the management system. And given that the official recognition of blockchain and cryptocurrencies in the United States will probably still have to wait a long time, the contribution of China to the blockchain industry should not be underestimated. 
China has unrealistic aims. It was peace and prosperity without individual freedom and it wants to develop and lead in blockchain technology denying the real cryptocurrencies.
Needless to say they'll fail in both of their aims unless they correct them early. Bitcoin can prosper without Chinese government.
Needless to say they'll fail in both of their aims unless they correct them early. Bitcoin can prosper without Chinese government.
China has never been soft with the use of cryptocurrencies in their country so it's off no news that they would further strengthen the rules and regulations concerning cryptocurrencies. However let's not relate proportionally the price of bitcoin to the upcoming developments in China. I don't know how China plans to fully utilize the features of the blockchain technology without any digital currency.
This just proves that China is taking blockchain technology and cryptocurrencies seriously, they are implenting laws concerning cryptocurrency. Soon we will see China is a really big country and will really help the whole blockchain technology to gey promoted and be utilized by many other countries.
China has taken the right step looking at the future! The Chinese government is aware of the risks related to cryptos and decentralization! They are aware that serious financial frauds can be organized using cryptos and hence they want to roll out strict regulations to prevent such misconducts from happening! That makes sense!
However, don't link the current downfall with this announcement! Such news may have affected botcoin's price to a certain extent but not entirely! There are other things that might have played their part as well! Don't forget about upcoming black friday and Christmas!
However, don't link the current downfall with this announcement! Such news may have affected botcoin's price to a certain extent but not entirely! There are other things that might have played their part as well! Don't forget about upcoming black friday and Christmas!
The Shanghai Headquarters of the People's Bank of China said that in the process of promoting the blockchain technology, virtual currency speculation has gone up. Next, the cryptocurrency business activities in the area will be continuously monitored. Once illegal activity is found, it will be punished immediately, and it will be done early and prevent it from happening. The Shanghai Headquarters of the People's Bank of China said it would rectify illegal cryptocurrency speculation and remind investors not to replace cryptocurrency with blockchain technology. As soon as the news came out, Bitcoin’s market was also affected by it. It recently broke through the $7,000 level and continued to go down.
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