Maybe they have not realized they lost a good place in the market a long time ago and really, when it comes to China, just as bitholder said, no one actually gives a hoot. Obviously they are seeing of recent what they are missing from the space, and realizing the space is a whole lot even better without them or simply can do without China being involved in the show, they are now basically trying to find a way to simply want to get in back.
Still, they only had issues with ICOs; they never really came out to say they were banning bitcoin. Just that some related activities when it comes to cryptocurrency and exchanges anyway, was put on hold, which somehow could still paralyze the usage of bitcoin, but that is really their cup of tea.
Topic: China is Back to BTC Business - page 2. (Read 647 times)
A little hidden news .Not advertised by Coindesk or any other western press
Bitcoin is legal asset in China
China Lifts Bitcoin Ban; Individuals and Businesses Can Now Own Cryptocurrencies Legally
According to a recent report by CnLedger, the crypto ban is now a thing of the past in China, as virtual currencies have been legalized as a mode of payment to be accepted by people and business entities as. The Shenzen Court of International Arbitration was quoted as saying;
Instead of that news we are receiving scary news about regulation in USA and famous dead of bitcoin
https://www.btcnn.com/cryptocurrency-news/bitcoin-news/china-lifts-bitcoin-ban-individuals-and-businesses-can-now-own-cryptocurrencies-legally/
hope you are better now
And report from 3 november
This week in crypto:
1. Bitcoin 10 year anniversary
2. Janet Yellen now owns Bitcoin
2. Ron Paul calls for no crypto tax
3. Bitstamp acquired by NXC
4. @binance signs up 40k in Uganda
5. Coinbase raised $300M
6. Morgan Stanley says crypto is institutional asset class
Bitcoin is legal asset in China
China Lifts Bitcoin Ban; Individuals and Businesses Can Now Own Cryptocurrencies Legally
According to a recent report by CnLedger, the crypto ban is now a thing of the past in China, as virtual currencies have been legalized as a mode of payment to be accepted by people and business entities as. The Shenzen Court of International Arbitration was quoted as saying;
Instead of that news we are receiving scary news about regulation in USA and famous dead of bitcoin
https://www.btcnn.com/cryptocurrency-news/bitcoin-news/china-lifts-bitcoin-ban-individuals-and-businesses-can-now-own-cryptocurrencies-legally/
hope you are better now
And report from 3 november
This week in crypto:
1. Bitcoin 10 year anniversary
2. Janet Yellen now owns Bitcoin
2. Ron Paul calls for no crypto tax
3. Bitstamp acquired by NXC
4. @binance signs up 40k in Uganda
5. Coinbase raised $300M
6. Morgan Stanley says crypto is institutional asset class
if you see a good news that continuously releases like this actually makes the market ambiguous whether it will go up or down, the core of the news above is actually informing that the development of bitcoin to date has had amazing results, but also investors have difficulty believing and fearing a bull trap that easily comes with only one bad news about bitcoin
How come they are now back to cryptocurrency when I have gone reading some articles that states China government has implemented crypto airdrop ban for their community. This after a lots of report being considered like those teams who run an airdrop will definitely tempted you to buy more on the tokens after receiving and in the end they will going to scam you and will run away the collected funds from the ICO period.
ICO ban remain in China i have been reading that China is preparing space for his own certificated ico done on secure platform only for China citzens
But they are not hurry with that
Anyway China is working to launch his digital Yuan and that can have big influence on crypto and maybe not only crypto economy
How come they are now back to cryptocurrency when I have gone reading some articles that states China government has implemented crypto airdrop ban for their community. This after a lots of report being considered like those teams who run an airdrop will definitely tempted you to buy more on the tokens after receiving and in the end they will going to scam you and will run away the collected funds from the ICO period.
ICO ban remain in China i have been reading that China is preparing space for his own certificated ico done on secure platform only for China citzens
But they are not hurry with that
Anyway China is working to launch his digital Yuan and that can have big influence on crypto and maybe not only crypto economy
How come they are now back to cryptocurrency when I have gone reading some articles that states China government has implemented crypto airdrop ban for their community. This after a lots of report being considered like those teams who run an airdrop will definitely tempted you to buy more on the tokens after receiving and in the end they will going to scam you and will run away the collected funds from the ICO period.
This is a fabricated news articles, maybe for the purpose of attracting investors to boost the market. I don't think lifting China's ban on cryptocurrency will make a huge difference on the down market right now. However, there's nothing to worry because China, for sure, will eventually legalize cryptocurrency.
Fake or not , this news is still bringing us a good vibes or a hope because all of us right now are experiencing a depresion caused by the down trend of the crypto market . this news kind of news can also help encourage people to continue investing and buying btc because they think that btc isnt dead yet .
By the way , based on what i heared before china didnt really ban btc because what they ban is only ico and other crappy exchanges that may seem to be scam .
This is a fabricated news articles, maybe for the purpose of attracting investors to boost the market. I don't think lifting China's ban on cryptocurrency will make a huge difference on the down market right now. However, there's nothing to worry because China, for sure, will eventually legalize cryptocurrency.
It is correct to prohibit cryptocurrency in the policy, and cryptocurrency is the best weapon for scammers. However, it is impossible to stop investing in cryptocurrency. So I think the Chinese will definitely buy a lot of cryptocurrencies.
China does not completely abandon the crypto currency business, as we know that this country had banned the circulation of bitcoin and returned to accept it.
If this source is reliable, its great news. But as is said previously, I am sure, the low price we are experiencing now is the "games of whales", they are doing everything to arrange extra FUD and panics sell, so that they can fill up their pockets with cheap bitcoins. Guess why "China lifts ban" news are so limited to general public?! Have iron hands and don’t sell cheap.
I've also heard this, and it seems like this is the right thing. however, for now, it does not have a good effect on the development of bitcoin. well, I guess for now, there is so much good news, but it hasn't been able to make the price of bitcoin rise again. It looks like a very good news, the Chinese are certainly already preparing for the investment ... and certainly not just them.
But is the BTC mining still profitable at the current price there? In other words, is anyone able to count whether the costs of electricity do not exceed the profitability of mining in China?
But is the BTC mining still profitable at the current price there? In other words, is anyone able to count whether the costs of electricity do not exceed the profitability of mining in China?
Mining is hard with current price
Electricity cost in China jumped twice many small miners has to pause his business
China miners are moving away from Norway.Norway set up 30% tax for mining btc
Now input of one btc cost in Norway 7K $
But for sure 600000 miners didn't shut down his business
Many of them are changing mining equipment for modern one
There is yet another thing big mining companies are able to mine btc now with less competition and sell later
It is also kind of dirty game
Look Apple stock lost 200 bln dollars from October but that nobody advertise that in media
much better is to talk about bitcoin is dead
And then when traders and investors start to buy and hold whales will ruin everything again, we can't really predict how good news will affects the industry, I just do hope that people around this country will start again owning coins inside their wallets and create a huge impact the numbers of their
populations can make a big difference when they start bringing money back to this market.
populations can make a big difference when they start bringing money back to this market.
If this source is reliable, its great news. But as is said previously, I am sure, the low price we are experiencing now is the "games of whales", they are doing everything to arrange extra FUD and panics sell, so that they can fill up their pockets with cheap bitcoins. Guess why "China lifts ban" news are so limited to general public?! Have iron hands and don’t sell cheap.
When China want to allowed and giving space for bitcoin as transaction payment will make easy for bitcoin could growing up and have higher price, just wait when bitcoin and altcoin could be on fire after legal transaction by China.
This will be a big news if China lifted the ban for crypto's especially BTC, As we Know China is the largest population in the whole world that also uses bitcoin for mining, trading, gambling and also Initial Coin offering, This could trigger BTC' price to rise up again right?
I have read an article delivering the same information about China retracing its statements against Bitcoin yet this seems not confirmed in any of the official news channels. However, cryptocurrency will continue to survive irrespective of China's stands on its acceptance. It is inevitable that countries around the globe will accept cryptocurrency some day to come because the technology behind it cannot be overlooked.
Regardless whether this is true or not, recognizing and accepting cryptocurrency is something that is inevitable. If not today, in the coming days, months, or years, every country will accept and recognize cryptocurrency. The technology bringing these cryptocurrency is the future of financial transactions.
If China is back to BTC business then these would be a great opportunity of BTC that has supported by one of the richest country in the world.
It is early to belive these news. Chinese goverment would like to regulate coins, if it has a full control on BTC. China is always one of the main players in BTC market. Either legal or illegal Chinese govetment's aim is to gain more control on BTC.
That's great news!BTC
Jump to: