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Topic: China is blocking all the Crypto-Currency Exchange sites and ICOs (Read 662 times)

full member
Activity: 294
Merit: 101
Streamity Decentralized cryptocurrency exchange
The really answer in that banned because crypto not go well in their economy or in their country but i think if you banned crypto that's not really good for them because you can't use the easy transaction here anymore and the wallet(like bank)that you own the key so it's not recommended to banned crypto in your country and better to do is see what digital currency or in crypto can be good in every users another thing we can invest a little only here so if you lose that's affordable and it's run by so much conveniece because if it's not good this will not popular all over the world.
member
Activity: 224
Merit: 10
I hope they totally forbid it and we will get rid of those stupid china based price manipulations. They announce that they forbid something every single week and everybody start to sell their bitcoins in panic. this is really ridiculous. Believe me that it will be much better when china is totally out of crypto market...
I also want to know this question, why the bad news in China, the whole encryption money market always has a big drop, is only the Chinese people in the purchase of cryptocurrency? Huh
newbie
Activity: 112
Merit: 0
I do not think it has a big impact, there are many tools to fly that restriction Roll Eyes
member
Activity: 224
Merit: 10
Streamity Decentralized cryptocurrency exchange
While these are happening, america and other alied nations are using this to improve their economic stance and treating this as an exploit to china since they are totally missing out on this unpredictable and dynamic opportunity. Shame.
newbie
Activity: 110
Merit: 0
China has a very personal concept of democracy and freedom, and the management doesn't like the idea that its citizen could freely trade money everywhere in the world without any control.
But they will remain isolated, so I'm pretty sure that they will change their position.
member
Activity: 392
Merit: 10
This issue is not new to crypto. But after several months it will just go off. Maybe they are just banning those scam ICO. But not the trusted ones.
member
Activity: 126
Merit: 10
They wouldn't want to actually lock themselves out of something which is likely to be a huge industry moving forward, probably shouldn't worry about all the banning FUD flying around too much.
newbie
Activity: 6
Merit: 0
Is it really a big surprise that one of the most oppressive brutal regimes on the planet would ban crypto?  I mean I see how it would affect the market cap which ultimately affects the price but do we really care if china takes there ball and goes home?
sr. member
Activity: 568
Merit: 254
China is reportedly aiming to block all websites, both domestic and foreign, related to cryptocurrency trading and initial coin offerings (ICOs) in what could be the country’s final crackdown on the industry. - CCN

What are your thoughts about this?
Is this the reason why Bitcoin and Altcoins are drowning in Bloodbaths since late January?
It's a fake news they are not banning cryptocurrency, they are only after for ICO scams. They also need to protect their people from scammers all over the globe since there are more scam ICO than the legit one. NEO is one of the ICO in China that support by their people.
full member
Activity: 336
Merit: 203
China is reportedly aiming to block all websites, both domestic and foreign, related to cryptocurrency trading and initial coin offerings (ICOs) in what could be the country’s final crackdown on the industry. - CCN

What are your thoughts about this?
Is this the reason why Bitcoin and Altcoins are drowning in Bloodbaths since late January?
China holds the 30% of mining in the world. They are also creating their own crypto, the "Digital Yuan", based on blockchain and in develop since 2014.
Whatever is China doing with BTC, it is for sure in order to get more money. I believe they have one of the bigger btc reserves in the whole world, so they can speculate about it as they want to.
That's just my opinion, what do you think???
sr. member
Activity: 910
Merit: 255
I hope they totally forbid it and we will get rid of those stupid china based price manipulations. They announce that they forbid something every single week and everybody start to sell their bitcoins in panic. this is really ridiculous. Believe me that it will be much better when china is totally out of crypto market...
jr. member
Activity: 150
Merit: 2
Chinese government has a strict control over the population, and of course doesn't like the idea that a citizen could transfer big sums of money without to be detect.
But it's very simple to bypass any kind of block, so it seems to me just a manipulative claim, with the intent to scare the average citizen.
member
Activity: 585
Merit: 33
Rasputin Party Mansion
China is a great country, but its idea of freedom of the citizen is a little...limited.
Btw, crypto - in spite of these ban - is growing, so in short time chinese government will be forced to change its mind.
jr. member
Activity: 164
Merit: 1
China is reportedly aiming to block all websites, both domestic and foreign, related to cryptocurrency trading and initial coin offerings (ICOs) in what could be the country’s final crackdown on the industry. - CCN

What are your thoughts about this?
Is this the reason why Bitcoin and Altcoins are drowning in Bloodbaths since late January?


It's clear that China and its citizens'freedoms are somehow apart from each other because they keep everything under control. And one can't control the cryptocurrency. But if people want to mine it and to possess it, they will find the way.
copper member
Activity: 2324
Merit: 2142
Slots Enthusiast & Expert
China is reportedly aiming to block all websites, both domestic and foreign, related to cryptocurrency trading and initial coin offerings (ICOs) in what could be the country’s final crackdown on the industry. - CCN

What are your thoughts about this?
Is this the reason why Bitcoin and Altcoins are drowning in Bloodbaths since late January?

Imo government effort to restrict cryptocurrency will fail, like their effort to restrict internet and torrent
User can use TOR and VPN to access exchange sites
They also can bribe authority, remember "absolute power corrupt absolutely"
So this issue only temporary imo, this technology cannot be stop
full member
Activity: 518
Merit: 100
I think that China is not yet a reason for the market decline, especially since there are workarounds for trade and ICO ( in the form of VPN) . I think it is not about
newbie
Activity: 8
Merit: 0
This kind of sounds like FUD to me. Whenever anything happens in china the price of crypto tanks, whales buy more, price rises again. Watch, wait, buy the dip amigos.
member
Activity: 154
Merit: 10
Next Generation Agreements for Everyone on The Eth
I don't think it's necessary. There are many ways out of the possible ways to still do the trading.it's another FUD to cause another panic among crypto community.I think that people will be able to learn news about the crypto currency in this forum and look for ways to use their coins.

I do believe China government couldn't fully put barrier on their citizens on accessing and earning Bitcoin and Cryptocurrencies because there are so many ways today that we could still access everything through internet and one of those are just simply using VPN and other IP roxy services.
Earning Cryptocurrencies is the best thing happened in my life since last year so nobody could stop me on earning Crypto even my government or state is blocking everything.
member
Activity: 126
Merit: 21
The government can block any sites they want however people in china will always find ways and means to still trade. We can always use VPN's to be able to access to trading sites. Chinese can still continue with their trading but with much caution as this could be illegal already and anytime they are already being tracked by the government and could potentially loose all their earnings.
newbie
Activity: 168
Merit: 0
I don't think it's necessary. There are many ways out of the possible ways to still do the trading.it's another FUD to cause another panic among crypto community.I think that people will be able to learn news about the crypto currency in this forum and look for ways to use their coins.
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