You are wrong since you are confusing a bunch of things here.
First you should learn the difference between bitcion, bitcoin mining, bitcoin trading (or exchanges in general), altcoins, tokens (ICO and its family) and the blockchain technology. They are not the same and you can't call all of it "crypto".
- Both China and Japan (and almost every other country) have banned token scam schemes including but not limited to ICOs one way or another.
- Both Japan and China and many other countries aren't recognizing altcoins and they have placed many restrictions on trading them. In China the exchanges are banned while in Japan they aren't but there is a huge tax on trading altcoins.
- Bitcoin is not banned by either one of these countries.
- Bitcoin mining is banned in China
- Both countries (and almost every other country) are interested in the underlying technology and want to adopt it for themselves like the CBDCs that China has created using the technology.
Topic: CHINA is against the crypto But JAPAN is Supporting crypto echo system . - page 2. (Read 297 times)
August 14, 2022, 01:30:17 AM
August 13, 2022, 11:15:27 PM
China news for ban, restriction, regulation on cryptocurrency nowadays have less effects than in the past.
Because Bitcoin miners and cryptocurrency exchanges have gradually moved out of China recent years [1]. I don't say no effects at all but much smaller and less dramatic than in the past.
That nation is a dictatorship so you can not expect their governments do things for goods of their citizens. Governmental decisions there are very biased and keened on the benefit of governments.
[1] https://ccaf.io/cbeci/mining_map
Because Bitcoin miners and cryptocurrency exchanges have gradually moved out of China recent years [1]. I don't say no effects at all but much smaller and less dramatic than in the past.
That nation is a dictatorship so you can not expect their governments do things for goods of their citizens. Governmental decisions there are very biased and keened on the benefit of governments.
[1] https://ccaf.io/cbeci/mining_map
August 13, 2022, 10:58:05 PM
China is being a China.
They are really against cryptocurrency especially a few years/months a lot of regulations about cryptocurrency, especially the miners.
We can't blame them, that's how they look or their own vision about Bitcoin.
For sure in the future they will create their own kind of Bitcoin.
They are really against cryptocurrency especially a few years/months a lot of regulations about cryptocurrency, especially the miners.
We can't blame them, that's how they look or their own vision about Bitcoin.
For sure in the future they will create their own kind of Bitcoin.
August 13, 2022, 06:27:01 PM
China is a big contributor to bitcoin during the beginning days. Japan is highly technology advanced and the government believed in cardless transaction and the same made bitcoin as a transaction medium. China always want things to be separate for them, and as a result China have made cryptocurrency ban and Japan have legalized the usage.
Japan is one of the country in which government supported the cryptocurrency acceptance and the government itself announced people to learn better about the different subject.
China as a country and chinese will always have a huge impact.Japan is one of the country in which government supported the cryptocurrency acceptance and the government itself announced people to learn better about the different subject.
As a country economically they are always involved , pumping and dumping with its controversy boombastic rumors , that was our breakfast everyday ... isn't it? You should not shocked as it's become a routine that those 7 figure community using this as a weapon.
As well as japan that aleays become a leader in any innovation thing , so yeah nothing to surprised at all for me tho.
August 13, 2022, 06:02:54 PM
China is a big contributor to bitcoin during the beginning days. Japan is highly technology advanced and the government believed in cardless transaction and the same made bitcoin as a transaction medium. China always want things to be separate for them, and as a result China have made cryptocurrency ban and Japan have legalized the usage.
Japan is one of the country in which government supported the cryptocurrency acceptance and the government itself announced people to learn better about the different subject.
Japan is one of the country in which government supported the cryptocurrency acceptance and the government itself announced people to learn better about the different subject.
I do agree with your statement.
The Chinese government, as a communist, wants control over their resources, technology, and economy. The fact that lots of Chinese miners started the trend of BTC mining was a threat viewed by their government due to the freedom BTC provided. Due to this, they implemented stringent regulations to the point that it ultimately prohibited cryptocurrencies in their country.
Japan, a country known for its technological advancement, is taking advantage of cryptocurrencies by its lenient regulations. They allow its utilization as they see its value in the long-term standard of payment.
August 13, 2022, 05:02:56 PM
China is a big contributor to bitcoin during the beginning days. Japan is highly technology advanced and the government believed in cardless transaction and the same made bitcoin as a transaction medium. China always want things to be separate for them, and as a result China have made cryptocurrency ban and Japan have legalized the usage.
Japan is one of the country in which government supported the cryptocurrency acceptance and the government itself announced people to learn better about the different subject.
Japan is one of the country in which government supported the cryptocurrency acceptance and the government itself announced people to learn better about the different subject.
August 13, 2022, 09:24:47 AM
As we know that this investment is risky and crypto market is very volatile but crypto is not only an investment this is a whole world Like blockchain, NFT, web 3.0 and freedom of banking system .
How you did invest on blockchain? is there any price about "blockchain"?NFT is still include as crypto since it's recorded on blockchain with each uniqueness of each token.
Cryptos are risky, but if you stick with Bitcoin, I'm sure your risk is reduced more than 98% to be trapped on shitcoins.
Quote
So in conclusion the counties which accept first the technology first they take many advantages and in the coming future china will understand the power and importance of the crypto world .
Not really, El Salvador already accept Bitcoin as a legal tender for around 9 months and there's no such advantages based on El Salvadorian when Bitcoin can be used as an alternative payment. August 13, 2022, 08:33:31 AM
As we know that china is a powerful country , they participate in every technology and develop latest technology from mobile phones to robotics but in the future of finance field they stop their propels ,
As we know that this investment is risky and crypto market is very volatile but crypto is not only an investment this is a whole world Like blockchain, NFT, web 3.0 and freedom of banking system .
In the other hand Our old Japan which is well reputative in their manufacturing high quality tech. Support Crypto ecosystem and they believes that they are not determined on fait currency . Their digital minister boosting web 3.0 projects and know the power of crypto ,
So in conclusion the counties which accept first the technology first they take many advantages and in the coming future china will understand the power and importance of the crypto world .
PEACE OUT ;)THANKS
As we know that this investment is risky and crypto market is very volatile but crypto is not only an investment this is a whole world Like blockchain, NFT, web 3.0 and freedom of banking system .
In the other hand Our old Japan which is well reputative in their manufacturing high quality tech. Support Crypto ecosystem and they believes that they are not determined on fait currency . Their digital minister boosting web 3.0 projects and know the power of crypto ,
So in conclusion the counties which accept first the technology first they take many advantages and in the coming future china will understand the power and importance of the crypto world .
PEACE OUT ;)THANKS
China wants more control in which they’re against crypto due to being decentralized, so they’re outright banning it preventing their citizens from engaging into Bitcoin, etc. However, despite that they’re banning it, that didn’t stop crypto enthusiasts from China to still engage with Bitcoin, etc., like they are doing P2P transactions or any other way just to continue trading even if it’s difficult for them to convert it to cash due to the bans being imposed by the Chinese government.
And what I really don’t like about China is their censorship activities and having too much control of what the citizens are trying to get in to. Their citizens wanted freedom of speech, but the government prevents that. That is why before the crypto ban, they’ve already implemented the great firewall such as banning Youtube, Facebook, Twitter, etc.
August 13, 2022, 08:24:23 AM
China as a country is different from China as in people. The government is against Bitcoin but the people in China make use of Bitcoin they are many miners in China and they have lots of investment in the ecosystem. Just that volatility made the government ban cryptocurrency to avoid massive number of citizens to suffer from loss of money. I don't think China will regret banning cryptocurrency because the people of China are into the technology and trade on exchanges too. I think the government will regret but the people in China that use and invest in cryptocurrency has nothing to lose. However, I don't know who you are referring to in your post if it's the government or the people.
August 13, 2022, 08:01:18 AM
As we know that china is a powerful country , they participate in every technology and develop latest technology from mobile phones to robotics but in the future of finance field they stop their propels ,
As we know that this investment is risky and crypto market is very volatile but crypto is not only an investment this is a whole world Like blockchain, NFT, web 3.0 and freedom of banking system .
In the other hand Our old Japan which is well reputative in their manufacturing high quality tech. Support Crypto ecosystem and they believes that they are not determined on fait currency . Their digital minister boosting web 3.0 projects and know the power of crypto ,
So in conclusion the counties which accept first the technology first they take many advantages and in the coming future china will understand the power and importance of the crypto world .
PEACE OUT ;)THANKS
As we know that this investment is risky and crypto market is very volatile but crypto is not only an investment this is a whole world Like blockchain, NFT, web 3.0 and freedom of banking system .
In the other hand Our old Japan which is well reputative in their manufacturing high quality tech. Support Crypto ecosystem and they believes that they are not determined on fait currency . Their digital minister boosting web 3.0 projects and know the power of crypto ,
So in conclusion the counties which accept first the technology first they take many advantages and in the coming future china will understand the power and importance of the crypto world .
PEACE OUT ;)THANKS
Jump to: